The trade is starting to focus more on global production estimates and needs. Given current stocks and carryout estimates, it is believed U.S. farmers will need to plant 10 million more acres of corn, soybeans and wheat this coming year to satisfy demand. The majority of these acres will be needed in the soy complex as ending stocks on that commodity are forecast to decline to a minimal volume. 

The question is where these acres may come from. According to USDA data,...