The USDA’s June 30th acreage report has been long anticipated– as conditions over the months since the March prospective planting report have shifted considerably.
DTN’s lead analyst Todd Hultman joins us today to put the report’s findings into perspective– as ag markets have softened, and that trend looks to continue, despite market fundamentals.
Todd unpacks his expectations going into the report, as well as a bit of history around the reliability of June numbers. He also puts USDA’s estimates into the broader context as the conflict in Ukraine, high fuel prices, and uncertain weather continue to influence the market on a daily basis.
We’ll discuss stocks and outlooks for the major grains, total acreage numbers, and what summer weather and harvest might have in store.