Why be surprised by bearish acreage report? — This week in the grain markets

by

Opinion

Grain markets ended the month of June mostly in the red as the complex was dealt a heavy-handed bearish report on Friday in terms of acres planted in the United States. Since the collection of information for the June acreage report is from June 10th, intentions from that date and what’s happened since then might be two different things. In this case, there is some bearish buzz in the market that the numbers from the USDA won’t reflect the actuality of what’s happened in the past two weeks and thus, the report could be taken with a grain of salt…

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