USDA will release their Prospective Plantings Report alongside their quarterly Grain Stocks Report on March 28.
| | USDA will release their Prospective Plantings Report alongside their quarterly Grain Stocks Report on March 28. A drop in corn acres is expected, though by how much varies widely from firm to firm.
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Historically, acreage figures have had a greater influence on post-report price moves in soybean futures. For wheat, a catalyst is more likely to come from Grain Stocks. USDA projected planted corn acres of 91.0 million acres in their Outlook Forum last month. Our survey indicated that was a little pessimistic. | | |
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