Hard Red Spring wheat's 41.04% stocks to use ratio helped push all spring wheat planted acreage lower to start the 2017 year.
The top-end yield on corn is likely lost while soybeans still have nearly full potential.
All positives for the corn market and not so much for soybeans.
Given the extent of flooding and drown out across the key growing states; abandonment may be the first adjustment to be made by the USDA.
The USDA slashed US corn exports and yet found a way to increase soybean exports.
All eyes are on the weather this week. Producers are pushing hard and fast with little to no sleep as the clock ticks away.
Did you struggle with emotion last year and miss out on what could have been your best sale?
With so many additional bushels being produced in South America, we have to expect greater export competition.
Taking a look at the “what if” of 2017, one bright aspect is that it is getting harder to build an argument for growing ending stocks.
Is there a great enough incentive for a repeat of more acres like last year?