U.S. planting gets underway

Now that planting is underway in the United States, we will finally start to receive a better indication of actual plantings on this year’s crops.

In the February Outlook Forum, the USDA pegged U.S. acres at 92 million on corn, 90 million for soybeans and 45 million for wheat.

In the March plantings intentions, we saw plantings predicted at 91.1 million on corn, 87.6 million on soybeans and 44.7 million on wheat. There have been several changes from the time the data...