The trade was surprised by the U.S. Department of Agriculture's (USDA) acreage estimates last week. For corn and soybeans the totals were well below average expectations. 

Planted acres for this coming production year are predicted at 91.1 million on corn, 87.6 million on soybeans and 46.4 million on wheat. These acreage estimates compare to the 90.8 million on corn, 83.1 million soybean and 44.4 million wheat acres that were planted a year ago. 

The most attention remains on soybeans, as even if the...