May 10th is the May supply and demand report. It is the first look at the new crop estimates and can be full of surprises. The Prospective Plantings Report said we should expect 95.9 million acres of corn, 55.9 million acres of wheat, and 73.9 million acres of soybeans, but that isn’t necessarily what USDA will print in the report. The strong early planting pace could lead USDA to increase the corn acreage estimate, the late March surge in Minneapolis wheat may have attracted Spring Wheat acres, and the spread between soybeans and corn may result in some switching, along with more double crop acres. There are obviously a number of variables at work, so it is hard to guess which ones USDA will pay attention to, so my guess is at they will make very few acreage changes until the June Planted Acreage report.