April 1 Comes a Day Early

Get Ready for Some Foolishness Following USDA Reports

Alan Brugler
By  Alan Brugler , DTN Contributing Analyst
USDA found intended plantings for principal crops totaled 324.8 million acres. That figure represents nearly all of the arable ground in the U.S. except for vegetables, pasture and some minor crops. It is down 2 million acres from last year, but almost identical to the totals for 2012 and 2013. (Graphic courtesy of USDA)
The March 31 Grain Stocks and Prospective Plantings reports have routinely fooled the market and generated large price moves in the past. For wheat and corn, that was the case again Tuesday, while soybeans maintained a more even keel. Expect some foolishness...

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Alan Brugler