Anticipated crop acres in the USDA's Prospective Plantings report last week came in well above trade estimates for corn, while soybean and wheat predictions fell under the average trade guess. 

Corn acres for this coming season are projected at 97 million, 7.3 million more than last year’s plantings. Soybean acres are forecast to rise to 83.5 million, a 7.4 million increase. Wheat plantings are forecast to decrease to 44.7 million acres, down 458,000 from a year ago. 

Acreage increases were the...