NEWS
Jerry Gulke DTN Columnist
Mon Apr 7, 2014 06:58 AM CDT

Last week's column ahead of the March 31 report was skeptical that USDA wouldn't find as much stocks in corn nor would it report the lofty average guess of corn plantings. In fact, corn acres were a million less than conventional guesses, but still well above our estimates. Soybean acres were higher than guesses but not that much higher and about two million less than our estimate.

Markets, especially corn, reacted as expected, giving a last-minute opportunity to buy during pre-report hours, similar to what happened for the January 10 report. I was quite surprised that corn would offer an ...

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