
The two most important grain market announcements of March came in the last few days of the month.
In fact, we expect that they will stand as two of the two most important announcements of the year. First, China’s National Development and Reform Commission (NDRC) announced that they have adopted a revised support program for corn farmers. Three days later the USDA released their March Planting Intentions, a report based on their survey of tens of thousands of farmers.