Omaha– The USDA has released the Prospective Plantings and March 1 Grain Stocks reports. With expectations for farmers to plant 91.1 million acres (ma) of corn, toward the low end of pre-report expectations, and 87.6 ma of soybeans, below the range of expectations. Wheat acres, on the other hand, are expected to increase 5% to 46.4 ma, which is on the high end of analysts’ estimates.

You can view the full USDA report on the NASS website.