There are two main points of interest in today’s market: the U.S. planting season and the South American harvest. 

When it comes to the U.S. planting season, most attention is on acreage. We have seen several estimates for elevated acres this year for corn, soybeans and wheat. This is from the fact nearly all are expecting a decrease in prevent plant acres in the U.S. 

Last year, prevent plant trimmed U.S. crops by 10 million acres. Thoughts are a good portion of these acres will come back...