IAN YOUNG APRIL 1, 2021
Agricultural futures and ETFs surged Wednesday, as the CME Group’s farm reacted strongly to this morning’s USDA data dump.
U.S. farmers will plant lower corn and soybean acreage than the trade expected, according to the USDA.
May corn futures surged 4.64%, to move 25¢ higher to $5.64½, making an explosive move from the prior day’s roughly $5.34 lows. Meanwhile, May soybean futures rocketed 5.12%, or 70¢ higher to nearly $14.37.
Wheat and oats have also climbed more than 3.25%, as the agricultural complexes are rallying Wednesday.
Jack Scoville, PRICE Futures Group, says that the USDA released a wild report and that the uptrend has clearly returned.
“The stocks report was mostly in line with trade guesses, a little less in corn and a little bigger in wheat with soybeans dead-on guesses. Not much there. But the Prospective Plantings report was wild, much below trade guesses for corn, beans, and wheat,” Scoville says.
REPOSTED FROM ETFTRENDS.COM – READ FULL ARTICLE HERE
🌾 A successful harvest ends with everyone home safe. National Farm Safety and Health Week is September 21–25, 2026. This year’s theme, “Safety Today, Success Tomorrow,” is a reminder that protecting an operation begins with protecting the people behind it. In February 2026, the U.S. Bureau of Labor Statistics released its latest national data, reporting… National Farm Safety & Health Week
RAA Employee Spotlight ➡️ Becca Root, Founder Becca is the Founder of Root Agricultural Advisory where she assists with the day-to-day operations of the various business units. Prior to starting the company with her husband Skye, she worked as a Product Owner for Clearwater Analytics. Prior to Clearwater, she was a public accountant in audit… Employee Spotlight: Becca Root
Root Agricultural Advisory
2670 S. Eagle Rd. Meridian ID 83642
(208) 753-2333 info@rootagadvisory.com
