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Breaking down the Prospective Plantings and Quarterly Grain Stocks reports
The USDA released both the Prospective Plantings and Quarterly Grain Stocks reports on March 31st. Heading into the day, the markets were anticipating big news from the planting acres, but it seems that there was more to react to in the grain stocks report. Allendale commodity broker Greg McBride said the Prospective Plantings report had a smaller adjustment to the corn acres than most analysts anticipated. McBride said the soybean acres saw a similar adjustment in the opposite direction. Both...











