This Friday, June 29th, is going to be a big day in the grain complex as Quarterly Grain Stocks and the Planted Acreage Report will be released.
For the first time, markets will be trading when these reports hit the newswires at 7:30 AM Central Time, so producers need to have a plan in place.
Acreage Expectations:
· Corn — 96.09 Million Acres
· Soybeans — 75.51 Million Acres
· Wheat — 56.68 Million Acres
Quarterly Stocks Expectations:
· Corn — 3.17 Billion Bushels
· Soybeans — 640 Million Bushels
· Wheat — 720 Million Bushels
Click here GE June29th.pdf to read our complete breakdown of analyst expectations coming into the report, and as always tune in to GrainTV on Friday morning for the market open.
Source: Growers Edge