USDA's March Report Sparks Optimism for Corn and Soybean Prices in 2023.
TL;DR
USDA's March Prospective Plantings report shows farmers intend to plant nearly 92 million acres of corn, which is more than 1 million acres higher than pre-report estimates and a 3.42 million acre jump from last year. The report, combined with tighter-than-expected grain stocks, sent commodity prices higher. China's demand for corn remains a wildcard, with the potential to create a much tighter balance sheet.
- Corn and Soybean Prices Soar Higher, Even With USDA's Surprising March Prospective Plantings Report Agweb Powered by Farm Journal
- USDA says farmers will plant more corn and wheat in 2023 Successful Farming
- Quarterly Stocks & Prospective Planting Report - March 31, 2021 - The Andersons Trade Group andersonsgrain.com
- USDA surprises with larger than expected corn expansion - USDA surprises with larger than expected corn expansion Farm Progress
- USDA says more acres of corn and soybeans are planned for 2023 Agweek
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