AgResource Midday Commentary; NASS Seeding Report Rallies Corn/Wheat; Soybeans Lag on Expected Jump in US Seedings; Total US 2024 Intended Seeded Acres Falls 6.6 Mil

The USDA March Stocks finals held few surprises compared to ARC estimates.  NASS forecast March 1st US corn stocks at 8,347 Mil Bu, 7 Mil Bu less than the ARC forecast, but 85 Mil Bu less than the average trade estimate. ARC calculates a Q2 corn feed/residual use rate of 1,559 Mil Bu, up 129…

AgResource Midday Commentary: CBOT Steady/Higher at Midday; Press Release Surrounding Dairy Cow Disease Expected; GFS Wetter in N Brazil

AgResource Farm Marketing Advice for Monday: 1/ No new advice. CBOT grain futures are steady/higher at midday in a reversal of Friday the volume of trade has been active with short covering being featured.   Wheat and soy futures have been the bullish leaders on the Russian political battle between the Kremlin and a private…