# Factors to consider for new crop opportunities

> The USDA's March 31 Prospective Plantings report showed intentions for 87.5 million acres of soybeans and 91 million acres of corn in 2023. Analysts note acreage could shift during planting depending on spring conditions, especially in the Dakotas. Industry voices see a strong soybean crop as possibly helping replace supplies lost to Argentina's drought.

- Date: 2023-04-20 · published 2023-04-20T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/36429-factors-to-consider-for-new-crop-opportunities
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expected acreage and trend yields point to ample US soybean and corn supplies, which tends to cap prices. Planting-season shifts could still move the new-crop balance sheet.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-07-11 | [PF Reaction to USDA Reports \| USDA cuts old-, new-crop corn ending stocks - Pro Farmer](https://feedsoft.ai/events/23714-pf-reaction-to-usda-reports-usda-cuts-old-new-crop-corn-ending-stocks-pro-farmer.md) | +0.9% | -4.0% |
| SOY | 2017-08-10 | [Brazil to forecast new record crop  \| News Agency](https://feedsoft.ai/events/69284-brazil-to-forecast-new-record-crop-news-agency.md) | -4.3% | +0.0% |
| SOY | 2024-05-14 | [Sizing Up Potential Downside Risk for New-Crop Corn and Soybean Prices - farmdoc daily](https://feedsoft.ai/events/30287-sizing-up-potential-downside-risk-for-new-crop-corn-and-soybean-prices-farmdoc.md) | +3.5% | -2.3% |
| SOY | 2019-12-03 | [Grain crop review for November 2019](https://feedsoft.ai/events/55433-grain-crop-review-for-november-2019.md) | +3.1% | +8.3% |
| SOY | 2020-03-11 | [Outside factors continue to dominate commodity markets \| Profitability \| farmweeknow.com](https://feedsoft.ai/events/54192-outside-factors-continue-to-dominate-commodity-markets-profitability.md) | -5.6% | -2.1% |
| CORN | 2017-06-30 | [U.S. farmers running out of opportunities to sell corn at profit](https://feedsoft.ai/events/70521-u-s-farmers-running-out-of-opportunities-to-sell-corn-at-profit.md) | +5.6% | +3.1% |
| CORN | 2017-08-10 | [Brazil to forecast new record crop  \| News Agency](https://feedsoft.ai/events/69284-brazil-to-forecast-new-record-crop-news-agency.md) | -4.5% | -6.5% |
| CORN | 2022-06-10 | [USDA Sees Smaller Soybean Stocks for Old and New Crops](https://feedsoft.ai/events/40896-usda-sees-smaller-soybean-stocks-for-old-and-new-crops.md) | -1.2% | -1.0% |

## Sources

- iasoybeans.com: https://www.iasoybeans.com/newsroom/article/factors-to-consider-when-marketing-new-crop-grain

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