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“The grain market got a fresh round of information today with the WASDE report, but the bigger surprise came from the quarterly stocks data. Corn acres were left unchanged, and planted corn acres actually came in a bit above expectations. In hindsight, that likely reflects producers having fertilizer in hand this spring, while the war premium helped keep corn acres in place by removing much of the incentive to shift acreage,” Seth Vander Weide of Logic Ag Marketing said.
