- Corn is ahead about 2% after a USDA survey shows farmers planning to plant just 91.691M acres this year, the lowest in 4 years, and down from 95.365M acres in 2013. Trade estimates had been for about 93M acres.
- One year ago at this time, the nearby corn contract was trading at $7 per bushel - today it's around $5. The USDA pegs March 1 corn inventories of 7.01B bushels, up 30% from a year ago, and about inline with trade forecasts.
- CORN +3.1%
- ETFs: JJG, GRU