Both corn and soybean acreage estimates came in below pre-report estimates today. The trade has responded bullishly to the numbers. Get initial thoughts and reaction from Arlan Suderman of StoneX below:
Also, below is a chart from Mike Zuzolo of Global Commodity Analytics looking at the numbers. We’ll talk with Mike later this afternoon as we recap the reports and Wednesday’s full trade.
Read more recaps of the numbers from DTN and more here: https://americanagnetwork.com/2021/06/bullish-market-reaction-to-lower-than-expected-numbers-in-the-usda-report/