The United States Department of Agriculture (USDA) surprised markets at the end of March 2020 when it published its US quarterly stocks and acreage report. It estimated that US farmers would significantly expand their corn planted area. The estimate predicted the planted corn area would be 7.3 million acres greater than last year, when prolonged rainfall kept farmers out of the fields.
You can also listen to Frontrunner - press play to hear the latest report on SoundCloud.
This week, the report is read by Group Commercial Strategy Director, Andrew Flux.