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:
Posted by Advance Trading, Inc. on Wednesday, March 31, 2021

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