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Uncertainty on trade issues and the subsequent price movements associated with speculation on the topic added a degree of difficulty to acreage decisions this year.

Corn planted area for all purposes in 2019 is estimated at 92.8 million acres, while soybean planted area for 2019 is estimated at 84.6 million acres.

USDA released a slew of reports of Friday, initially sending markets lower.

Corn Planted Acreage Up Less than 1 Percent from 2020 Soybean Acreage Up 5 Percent All Wheat Acreage Up 5 Percent All Cotton Acreage Down Less than 1 Percent

Corn Stocks Down 3 Percent from March 2020 Soybean Stocks Down 31 Percent All Wheat Stocks Down 7 Percent

January soybeans were up 6 cents at $11.75-3/4 a bushel after peaking earlier at $11.89-3/4, the highest for a most-active contract since June 13, 2016.

January’s Crop Production and Stocks reports from USDA raised a number of questions about big shifts in production projections. NASS Crops Chief Lance Honig addressed those questions on AgriTalk.

WASDE for February raised exports and lowered ending stocks for both corn and soybeans.

President Trump said Monday that a trade “understanding” has been reached with Mexico.

While China grapples with choosing which production lines to reopen, the food shortage conversation looks to ramp up.