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Futures Close Report 31st March

USDA annual prospective plantings report put intentions for US corn plantings at 96.99 million acres – well in excess of market estimates, some of this may switch following the fall in Ethanol and Crude values, 40% of US corn usually goes to Bio Ethanol production.  However, weather risk still remains a pertinent factor as intended plantings are one thing, but there is still much time for any weather events to influence the final harvest figures.