National Ag News
Prospective Plantings report could elicit lackluster market response
Mar 21, 2017, 13:34 PM
by
System
A market analyst expects a rather lackluster response to the USDA Planting Intentions report at the end of the month.
Mark Schultz says his firm, Northstar Commodity in Minneapolis, has been forecasting a 2017 corn acreage reduction of around 3 million, and 3 to 4 million more soybean acres since last fall.
He tells Brownfield there haven’t been many reasons to change that prediction, and anticipates less volatility when the prospective planting estimates are released.
