A USDA quarterly report in the middle of Summer can dramatically influence markets. Today, the USDA released its Quarterly Acreage and Grain Stock Reports. Landus grain merchandiser, Reese Drenth joins GROW Podcast host, Ashley Kaldenberg for a special, audio-only version of the podcast to interpret what these reports mean for the farmer.
- Corn acreage was estimated to be at a high of 93 million acres. 94 million acres were reported.
- Soybean acreage was estimated to be at a low of 87 million acres. 83 million acres were reported.
- These inaccuracies in estimates result in a bullish market for beans and a bearish market for corn.
Listen to the full podcast to learn how Landus offers and grain contracts can help you make decisions in the volatile market in the coming weeks.
Call our GROW Solutions Center to find out more about our grain contracts at (515) 800-GROW.
Listen to the podcast:
View the Reports: