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The USDA Farm Service Agency reported 19.3 million acres of prevented planting, the largest since reporting began in 2007, including 11.2 million acres of corn and 4.35 million of soybeans. FSA planted-acre figures for corn differed notably from WASDE estimates of 90 million acres.
Record prevented planting cuts domestic corn and soybean supplies, supporting prices, though conflicting USDA figures add uncertainty for feed buyers.
dtnpf.comChris ClaytonAug 12, 2019After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
