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On the Grains Good morning. Tomorrow is Good Friday so markets are closed and we’ll have no reports tomorrow. We wish you and your family a joyous Easter. Grains are quietly mixed in overnight trade. As of 6am corn was steady, beans soft and wheat on the firm side. At 7:30, we’ll get weekly export sales, which could set the tone for trade leading into the 11am release of the long awaited Prospective Plantings and Quarterly Grain Stocks reports. Here are the ranges of expected sales: Corn, 800K to 1.3 million tonnes, Soybeans, 300-700K, wheat, from negative 100K (due to cancellations exceeding sales) to 300,000 tonnes. This afternoon’s report will cover the highlights and market impact of the two big reports coming out at 11 am. Here once again are the averages and ranges of trade estimates for planting intentions. A late breaking release of estimates from Farmers Business Network (FBN) that weren’t included among other firms surveyed tilts the odds toward a bigger shift from corn to beans. They have an admirable track record for their estimates and while the lowest trade estimate for corn acreage is 90 million acres with an average of 91.8 million, FBN has the…

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