AgResource Midday Commentary; US March Soybean/Corn Stocks Bullish; Seedings as Expected; OId Crop to Gain on New Crop
The March 1st Stocks and Seeding Intentions Report was bullish for old crop corn, soybeans, and wheat. However, 2023 Seeding Intentions of US corn, soybeans and spring wheat came in close to expectations. Bull (old/new) spreads are expected to gain while the push will be on to own old crop soy/ corn is on as…