The trade is expecting corn acres to come in around 92 million, that’s down 1.3 million from last year. But its right at the USDA outlook forum numbers that were published in February.

In soybeans the trade is expecting acreage at 88.8 million, that would be up 1.6 million from last year and up 800 thousand from USDA outlook forum number of 88 million.

In wheat the trade is expecting total wheat acres to come in at 47.76, that would be up about a million from last year and down fractionally from the USDA outlook forum.

Bottom line is that the trade is expecting corn, beans, and wheat acres to be up about 1.3 million from last years number and we think that is stretching it, if anything it could be slightly lower.

We are not expecting barrish acreage numbers when it comes to the total combined.

Now the acreage mix could be somewhat of a surprise, more corn, less corn, more beans, less beans, but total acreage is not likely to exceed the trade estimate.