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Don't sleep on March stocks.
Today's Prospective Plantings Report from the USDA provides the first survey-based look into 2023 acres. This report is one of the most important USDA reports of the year for the grain markets, but also keep an eye on the quarterly stocks update, which may have an equal amount of impact on the market as acreage.
Pro Farmer will share our immediate report reaction with subscribers that includes potential market swings that can lead to marketing opportunities.Start a 1-month trial subscription for just $1.
Based on a Reuters survey, traders expect planting intentions of 90.880 million acres for corn, 88.242 million acres for soybeans, 47.771 million acres for all wheat, 11.801 million acres for other spring wheat and 11.212 million acres for cotton.
March 1 stocks are expected to be 7.470 billion bu. for corn, 1.742 billion bu. for soybeans and 934 million bu. for wheat.
Start a Pro Farmer trial subscription for just $1 and experience our profit-boosting market analysis and recommendations. Plus, our time-saving news highlights key issues around the globe that can impact your prices. Don't leave money on the table. . . try 1-month for just $1, view details.
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