Trade estimates for U.S. corn and soybean plantings ahead of Friday’s notoriously hard-to-predict acreage report may indicate stronger chances for the soy number to surprise versus the corn one.
However, the trade’s recent track record with March corn acres suggests the possibility of a big miss on corn should stay on the table.
On average, analysts peg 2023 U.S. corn plantings at 90.88 million acres and soybeans at 88.24 million acres, up 2.6% and 0.9%, respectively, from last year.
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