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Tuesday, April 12, 2016

Producers Look To Plant Corn Acres, But How Much

Prospective planting reports indicate producers will be planting a lot of corn acres, but one expert says the total acreage may dial back a bit. Sue Martin of Ag Investment Services told agweb.com the total number of acres would come down a small degree. She feels a lot of traders are anticipating a big shift in the June acreage report, but there may not be as big a shift as thought. As planting season kicks off, the USDA begins its prospective plantings reports this week. The market will watch US plantings and try to gage global supplies at the same time. Martin expects a downward slip in corn numbers, as we get closer to May, noting that soybeans tend to gain on corn acres through the end of May.