Traders in contemplation of USDA plantings report — Agritel
Little evolution of US markets yesterday at the exception of the corn that ended the day in negative territory. Despite a decent export activity, the corn is weakened by the current turmoil on the ethanol market, Agritel reports.
"Traders will be cautious today before the publication of the USDA report about prospective plantings. According to a Reuters poll, the corn and soybean acreage could increase respectively to 94.3 and 84.9 mln acres," the report reads.
As of Mar. 26, 1.008 mln ha were sown in Ukraine, 383.5 thou. ha more than by Mar. 19. Spring crops sowing campaign 2020 has accelerated in all regions of Ukraine.