In the Friday data release, the National Bureau of Statistics notes the intended sowing area for wheat and rice is basically stable. The intended area for corn planting has seen a slight increase, and planting is progressing smoothly.
This matches with other data which indicates that it’s unlikely that there would be a major shift in planting intentions, but there might be a slight preference for corn this season.
Due to high subsidies for soybeans in the northeast, farmers are now rotating betw...