# Foundation Seed Report - MCIA

> Minnesota's Foundation Seed Services reported overall seed sales up 15% from 2022, with wheat sales down about 20% and oat sales slightly below 2022. Early intentions show fewer wheat, barley and oat acres in Minnesota this year as strong corn and soybean prices draw acreage.

- Date: 2023-06-30 · published 2023-06-30T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/35536-foundation-seed-report-mcia
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expected declines in small grain acreage, driven by stronger corn and soybean prices, point to tighter barley and oat supplies later in the year.

## Read by commodity

- CORN: neutral
- OATS: bullish ▲
- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| OATS | 2023-07-15 | [Small Grains Forecast Is In - Mid-West Farm Report](https://feedsoft.ai/events/35095-small-grains-forecast-is-in-mid-west-farm-report.md) | +12.1% | +7.2% |
| OATS | 2021-04-01 | [Agriculture ETFs Surge Following a Surprise USDA Report](https://feedsoft.ai/events/47553-agriculture-etfs-surge-following-a-surprise-usda-report.md) | -0.5% | +4.6% |
| OATS | 2021-11-03 | [Raw Materials for Feed: OAT AND 2021 EXPECTATIONS - Feed & Additive Magazine](https://feedsoft.ai/events/44119-raw-materials-for-feed-oat-and-2021-expectations-feed-and-additive-magazine.md) | -5.8% | -6.6% |
| OATS | 2021-09-30 | [USDA reports record small oat crop - Brownfield Ag News](https://feedsoft.ai/events/45123-usda-reports-record-small-oat-crop-brownfield-ag-news.md) | +2.3% | +21.7% |
| OATS | 2018-05-11 | [Record grain consumption drives stocks down : USDA - Grain Central](https://feedsoft.ai/events/64985-record-grain-consumption-drives-stocks-down-usda-grain-central.md) | +3.9% | +3.8% |
| WHEAT | 2020-05-21 | [Grain Transportation Report, May 21, 2020](https://feedsoft.ai/events/53011-grain-transportation-report-may-21-2020.md) | +1.3% | -0.9% |
| WHEAT | 2022-09-01 | [Grain Transportation Report, September 1, 2022](https://feedsoft.ai/events/14902-grain-transportation-report-september-1-2022.md) | -1.4% | +3.8% |
| WHEAT | 2019-02-28 | [Grain Transportation Report, February 28, 2019](https://feedsoft.ai/events/60480-grain-transportation-report-february-28-2019.md) | +0.8% | +5.4% |

## Sources

- mncia.org: https://www.mncia.org/foundation-seed-report-3/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.