# PF Report Reaction: Corn, soybean planting intentions shock markets - Pro Farmer

> USDA's Prospective Plantings report showed US farmers intend to plant 89.49 million acres of corn, well below the trade expectation of 92.0 million, and 90.96 million acres of soybeans, above the 88.73 million expected. March 1 stocks were slightly lower than expected while soybean stocks were higher. Wheat acreage was also slightly below expectations.

- Date: 2022-03-31 · published 2022-03-31T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/42295-pf-report-reaction-corn-soybean-planting-intentions-shock-markets-pro-farmer
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Fewer corn acres and more soybean acres shift the balance of US feed grain supply, supporting corn prices while adding soybean supply later in the year. High fertilizer prices were cited as a reason for the shift.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-04-20 | [March Planting Intentions and Market Impact](https://feedsoft.ai/events/71564-march-planting-intentions-and-market-impact.md) | +1.3% | +0.1% |
| WHEAT | 2026-06-11 | [Report Reaction \| Corn, wheat see higher global ending stocks despite production concerns - Pro Farmer](https://feedsoft.ai/events/18733-report-reaction-corn-wheat-see-higher-global-ending-stocks-despite-production.md) | +4.1% | +2.3% |
| WHEAT | 2016-12-12 | [World corn, soybean stocks hold steady, report shows](https://feedsoft.ai/events/73429-world-corn-soybean-stocks-hold-steady-report-shows.md) | +1.1% | +2.0% |
| WHEAT | 2024-03-11 | [WASDE update: Corn and soybean markets tighten \| articles \| ING THINK](https://feedsoft.ai/events/31132-wasde-update-corn-and-soybean-markets-tighten-articles-ing-think.md) | -7.3% | -3.6% |
| WHEAT | 2023-01-12 | [U.S. reduces corn, soybean harvest views - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13310-u-s-reduces-corn-soybean-harvest-views-agweek-1-source-for-agriculture-news.md) | -0.6% | +2.0% |
| SOY | 2026-10-09 | [Report Reactions - Pro Farmer](https://feedsoft.ai/events/17068-report-reactions-pro-farmer.md) | -2.2% | -4.4% |
| SOY | 2023-09-29 | [PF Report Reaction: Markets react negatively to Sept. 29 data - Pro Farmer](https://feedsoft.ai/events/34113-pf-report-reaction-markets-react-negatively-to-sept-29-data-pro-farmer.md) | -1.5% | -1.6% |
| SOY | 2024-08-12 | [PF Report Reaction: Soybean crop much bigger than expected, corn data mildly supportive. - Pro Farmer](https://feedsoft.ai/events/28716-pf-report-reaction-soybean-crop-much-bigger-than-expected-corn-data-mildly.md) | -8.7% | -2.7% |

## Sources

- profarmer.com: https://www.profarmer.com/news/agriculture-news/pf-report-reaction-corn-soybean-planting-intentions-shock-markets

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