Highlights From 8:30am USDA Reports

The USDA is reporting that corn acerage is up 3 percent from 2009. Soybean acerage is up less than one percent and wheat acerage is down 9 percent from 2009.

The USDA is also reporting corn stocks are down 15 percent from March 2010. Soybean stocks are down 2 percent and wheat stocks are up 5 percent from March 2010.