
The ag outlook forum from USDA projected corn acres at 92, that would be down slightly from last years and that’s the same estimate that the trade is expecting as well.
In soybeans the outlook forum had 88 million which is up from last year, the trade is looking for 88.8.
The outlook forum USDA had wheat acres at 48 million up for the second year in a row, the average trade guess is 47.75.
As you can see the trade is looking for corn acres to be down slightly from last year, bean acres to be up slightly from last year.
If there’s a surprise it may be in the acreage mix corn versus soybeans but not likely to come in the total amount of planted acreage.