Corn Estimates for Today's USDA Report

The USDA will release its Acreage and Grain Stocks report at 12:00 PM ET today. Estimates of acreage intentions for corn are near 89.2 million about the same as March's 89.199 million. Corn stocks are estimated to be 4.555 billion bushels versus 7.745 billion in March and 3.852 billion a year ago at this time. September Corn is trading at 394 3/4, up 2 3/4 cents and December Corn is trading at 404 1/2, up 2 1/4 cents.