When you think of March, two big events come to mind: the NCAA’s March Madness and the USDA’s Planting Intentions report. In both cases, speculation and anticipation is in full force on how the brackets and balance sheets will sort out. Furthermore, both the NCAA tournament and U.S. spring crop plantings will likely have a few surprises.
This week’s post takes a look at the latest crop insurance and commodity price data to provide some insights on what 2017 planting might have in store. Continue reading →
With the release of the March 2016 prospective plantings report the USDA weighed in on what we saw as one of the top questions for 2016: How many acres of corn and soybeans will U.S. producers plant in 2016? Their answer: 93.6 million acres of corn, 82.2 million acres of soybeans, and 49.6 million acres of wheat. These estimates were substantially different than those expected by the grain markets and left many people scratching their heads as to why there would be such a large shift toward corn acres. Continue reading →