Where do we go from here post acres report?

Corn and soybeans are working thru the surprise that was the prospective plantings report. Farmers plan to plant more acres of soybeans than corn for only the 3rd time in history. Corn has been trying to buy acres since the survey was taken on Mar 1st. The corn/soybean ratio was 2.46 at that time but has moved to 2.07 at the close yesterday. Guessing some acres will move to corn depending on weather but input costs will be a stumbling block for a lot of acres moving back. Reports that Russia continues to shell grain storage facilities in E Ukraine further exacerbates future issues with Ukraine stocks and exports. New month/new quarter/new money should keep the grains firm into the weekend. NFC Grain Comments 4.1.22 (1)