News from Washington, April 1st: The USDA‘s planting intention report released on Wednesday surprised market participants. Futures prices have risen accordingly, and the corn and soybean markets have their daily limit.
The USDA initially predicted in February, that the sown area of corn and soybean in the United States will hit a record high this year. But the farmers surveyed have different opinions.
Obviously, the futures market hopes to ensure the planting of corn and soybeans through the rise, which is attractive enough for farmers, which is why the price of soybeans and corn futures rose at the limit on Wednesday.
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BTMA News on April 2
