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The USDA sees planting acreage falling to 90.0 million acres. Well below the 94.0 million acres that were planted in 2016.
There is less production in Brazil this year due to the drought in northeast Brazil. Production ideas range from 45 to 50 million bags.
The weather in South America remains one potentially bullish factor.
To most people putting their money on stocks, financial prospects were found at home, where things are pretty straightforward.