USDA Prospective Plantings Report Lower Than Expected
Apr 01, 2021
The March 31, 2021 USDA Prospective Plantings Report is estimating fewer corn and soybean acres than previously expected. See the summary and learn more about what this could mean for the market with information provided by Advance Trading Inc., below.
USDA 2021 US Prospective Plantings (Million acres)
| 2020 Seeded Acreage |
Average of 2021 Analysts’ Estimates |
Range of Analysts’ 2021 Estimates | 2021 Planting Intentions Estimate |
|
| Soybeans | 83.1 | 90.1 | 88.9-91.3 | 87.6 |
| Corn | 90.8 | 93.1 | 92.0-94.5 | 91.1 |
| Sorghum | 5.9 | 6.8 | 6.0-8.1 | 6.9 |
| All Wheat | 44.3 | 44.9 | 43.0-46.4 | 46.4 |
| Winter Wheat | 30.4 | 31.8 | 30.9-32.2 | 33.1 |
| Other Spring Wheat | 12.3 | 11.7 | 11.0-12.7 | 11.7 |
| Durum Wheat | 1.7 | 1.6 | 1.3-1.8 | 1.5 |
| Cotton | 12.1 | 12.1 | 11.4-13.0 | 12.0 |
US Grain Stocks as of March 1 (Bbu)
| 2020 March 1 Stocks |
2020 Dec 1 Stocks |
Average of 2021 Analysts’ Estimates |
Range of 2021 Analysts’ Estimates |
2021 March 1 Stocks Estimate |
|
| Soybeans | 2.255 | 2.947 | 1.537 | 1.440-1.825 | 1.564 |
| Corn | 7.952 | 11.294 | 7.770 | 7.573-7.980 | 7.701 |
| Wheat | 1.415 | 1.674 | 1.271 | 1.227-1.405 | 1.314 |
March 31st 2021-- USDA Stocks and Prospective Plantings Report Details: