Corn and Soybean Estimates

Average trade estimates show grain analysts expect a lower corn acreage number from USDA today and a slightly higher soybean number. In March, USDA put corn at 95.3 million acres.

We expect a number at or just below 95 million today. Planters rolled nearly nonstop, especially in this area, resulting in a few more soybean acres nationwide. We think 85 million would be the number today versus 84.7 in March.

All wheat should remain the same at 43.8. Weather turning hotter and drier across the country. Million dollar question, as always, how long? Two weeks or two months?

This is the Bottomline report.

Audio Reporting by Mark Oppold for Southeast AgNet.