Possible USDA estimated corn acreage drop coming

Possible USDA estimated corn acreage drop coming

An ag economist is expecting slight to moderate adjustments by USDA in its global supply and demand report Friday.

The University of Missouri’s Ben Brown says new crop corn acreage estimates will likely be the key for this month’s USDA supply and demand report…

“Trade is interested to see [if] we see another revision,” Brown said. “Potentially this time in acreage given the challenges of planting in the upper plains. By now corn planting seems to be relatively finished; we might see some revisions there.”

He tells Brownfield he’s not expecting a lot of changes on old crop estimates.

    

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