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Video: Grain Market Analysis with Roy Smith.

Jul 04, 2014

The USDA Monday released its estimates on quarterly grain stocks and planted acres. The agency says U.S. farmers planted 91.6 million corn acres and 84.8 million soybean acres. It sees corn stocks at 3.85 billion bushels and soybean stocks at 405 million bushels. Roy Smith, farmer and grain marketing consultant from Plattsmouth, Nebraska, recaps corn and soybean market reaction to the USDA reports and explains why farmers don't want to be holding crops by a certain point.