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USDA's first survey-based prospective plantings report shows US farmers intend to plant less corn and more soybeans in 2026 than last year. The Iran war has pushed up fertilizer and fuel costs, and analysts said the survey does not fully capture that impact.
Lower expected corn acreage tightens the future US corn supply, which supports corn prices, while the shift toward soybeans shifts demand into soy and meal.
reuters.comTom PolansekApr 1, 2026After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 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 362 past report events, Crude Oil (WTI) moved a median -0.3% over 5 sessions (48% higher; middle half -3.7% to +2.6%), and +1.1% over 20.
After 150 past report events, Urea moved a median +0.0% over 5 sessions (50% higher; middle half -2.3% to +2.7%), and +1.6% 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.
