Farmers and analysts alike will be watching Friday’s USDA report for several reasons, and one of them will be the soybean acreage number. Poor planting weather in many corn-heavy U.S. states has many thinking the shift out of corn and into soybeans puts the total acres somewhere north of 77 million acres. If it’s below that, says Moe Agostino, watch for fireworks in the market.
In this episode of the Soybean School, Agostino covers the potential impact of the USDA acreage report, global dynamics of the crop and offers a caution to those traders and farmers who put too much stock in these early market indicators.
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