The webinar reviews USDA’s June 29 Grain Stocks and Acreage reports and considers balance sheet and price implications for both old and new crop corn and soybeans. The USDA’s estimate of June 1 stocks of corn and soybeans provides a clearer picture of total 2017-18 marketing year consumption, ending stocks, and price prospects. The magnitude of planting acreage clarifies prospects for the size of the 2018 corn and soybean crops with implications for the 2018-19 balance sheets and price prospects. Presented by Todd Hubbs and Scott Irwin.