As the US heads into the 2021 spring planting season, the world faces an environment of high demand and constrained supply of key grain and oilseed crops. China's demand for grains and oilseeds is at an all-time high.
At the same time, global exports are being limited by drought in some regions and protectionist policies in others. In this context, it's never been more important to accurately estimate planted acreage for the US and gain an understanding of the mix of corn, soybean, wheat, and cotton acres.
What we'll cover:
- An overview of the components driving US planting intentions
- Gro’s estimates for producer planting intentions for major US crops
- The signal provided by the soybean-to-corn new crop price ratio
- An assessment of the profitability of producing various major crops
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