The first US Department of Agriculture (USDA) crop planting report of the year was released this week, showing that 2% of the country’s anticipated maize area had been planted.

The 2021 US maize area is expected to reach 36.9 million ha (Mha), 2.2% below trade expectations. In addition, US stocks of maize at the beginning of March sat at 195.6 million tonne (Mt), 1.7Mt tighter than trade expectations.

As a result, global grain markets ended strong last week. The bullish signals for maize were enough to outweigh the bearish wheat news.