USDA Plantings: Corn Up, Soybean Below Forecast

USDA plantings report corn acreage 1% above consensus yet 3.5% YoY decline; soybean acreage 1% below consensus despite 4% YoY rise.
Corn spot price rose 0.5% to $4.60/bushel, below the $5 break‑even; soybean spot hit $11.70, under its $12.50‑$13 break‑even.
Wheat planted acres forecast down 3.4% YoY to 43.8 million, roughly 2% below consensus and the lowest since USDA tracking began in 1919.
Ending stocks rose 11% YoY for corn, 10.2% for soybeans (2% above consensus), and 5% for wheat, all exceeding or meeting estimates.