End of Quarter USDA Report + Market Reaction
🌽 USDA Report Takeaways
End of month + quarter + major USDA Stocks & Acreage Report
Corn acreage came in higher than expected
Trade guess: 94.37 million acres
USDA: 95.338 million acres (+1 million acres)
Soybean acres came in slightly lower than expected
Survey responses were submitted before recent global tensions, impacting accuracy
📦 Stocks Report (Big Relief)
Overall tone: bullish
No surprise excess grain found → “wipe your brow” moment
Corn stocks
Down ~80 million bushels vs trade expectations
Stronger feed usage
Soybeans
Slightly higher
