USDA released the March 1 Quarterly Stocks and Prospective Plantings reports yesterday.  The stocks report held few surprises, but the prospective plantings were very impactful.  Corn acreage was estimated at 93.601 million acres, up 6 percent from last year.  The increase was across the cornbelt, but mostly in the western and central cornbelt states.  Soybean acreage was estimated at 82.236 million acres, down 1 percent from last year.  Wheat acres were estimated at 49.559 million acres, down 9 percent.  Winter wheat was off 8 percent, spring wheat off 14 percent and durum up 3 percent.  Sorghum acres were estimated at 7.216 million acres, off 15 percent.  Spring weather will be a determining factor in actual acres.
 
All other PRX reports will not be updated until the April 12th WASDE report.

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