RE: Straight up
Weather leaps over bearish USDA data
https://www.agriculture.com/news/crops/wear-leaps-over-bearish-usda-data_2-ar24988
U.S. farmers planted 5% more corn this year than a year ago and soybean acreage is down slightly, though the numbers rank among the highest planted acreage for both crops. Both numbers are higher than the trade expected, making them bearish, but it didn't take long for bullish weather to overtake Friday's numbers and send corn, soybean and wheat futures sharply higher.
This year's corn crop adds up to 96.4 million acres, USDA said Friday, up 5% from last year. That's the largest planted acreage in 75 years, and includes record high acreage numbers in Minnesota, North Dakota and South Dakota, according to Friday's report.