Commentary on USDA Acreage Report

USDA-LogoDespite the challenging planting conditions this spring USDA is saying that farmers have planted the most corn and soybean acres ever, according to Friday’s Acreage report.

Considering what the spring has been like, the numbers are being met with some skepticism by market watchers in particular. “It’s a shockingly big number and it will be questioned,” said Jack Scoville of The Price Futures Group during a crop conference call from the Minneapolis Grain Exchange on 6/28/13.

Listen to Jack’s commentary here: Jack Scoville, MGEX Crop Call