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USDA's March 31 Prospective Plantings report showed 2026 corn intentions at 95.3 million acres, down 3%, and soybean intentions at 84.7 million acres, up 4%. Analysts link the shift from corn to soybeans to high fertilizer costs tied to the Strait of Hormuz closure.
Lower corn acreage is supportive for corn prices, while higher soybean acreage adds supply pressure on soybean prices.
hpj.comDavid MurrayApr 11, 2026After 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 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% 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.
