This week USDA resurvey acreage
Can go both ways
1) they count the corn acres they told you to plant and still take PP but count them as planted.
2) try to just take PP numbers either way we won’t know until Jan. 2020
My bull stance needs to see PP acres. Then a bull reaction
Weather: many areas that need rain still missing them
Soil moisture in IL. and IN. are at the lowest level since 2012
Dec. Corn / May Low to June High the half is 418
Res: could be around 418-422 for now.
There was a buy signal on Aug. 1st
Spike low maybe that day (Pres. 10% tariff on China Sept.1st)
Front month corn the half for the yr. 396.25
Good Luck with USDA