Friday's USDA Prospective Plantings Report could provide market surprises. Here are 5 keys we'll be watching. To view this email as a web page,
click here | | | A March 31 Surprise Shouldn't Be Ruled Out | | | This Friday's Prospective Plantings Report from the USDA will provide 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 and early projections indicate corn acres will top soybean acres due to relatively cheaper inputs, though a surprise at the end of the month shouldn’t be ruled out. Pro Farmer will share key market indicators leading up to the report and will send subscribers our immediate report reaction that includes potential market swings that can lead to marketing opportunities. Start a 1-month trial subscription for just $1.
Report Keys
Watch the quarterly stocks update, which may have an equal amount of impact on the market. Outlook Forum projected 91 million corn acres. Our survey results pegged corn at 92.05 million acres due to acres returning in northern states that were prevent plant last year. Our survey indicates other spring wheat plantings will rise 1.5% this year, whereas the preliminary USDA figure is virtually unchanged from 2022. How low will cotton acres be reported? (our analysis shows a drop of 18.6%) Will soybean acres in Iowa, Illinois, Nebraska, Indiana & Michigan drop as much as expected? 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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