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First survey-based estimate of US planted acreage plus quarterly stocks.
USDA NASSAfter 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), and +0.2% over 20.
After 1,283 past report events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -2.0% to +1.7%), and -0.2% 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.
The USDA Prospective Plantings report, actually released March 29, 2018 ahead of the Good Friday market closure, put corn acreage at about 88.0M, below trade expectations, signaling tighter supply and driving the sharp one-day rally; the listed March 30 date appears to be a minor discrepancy.
The USDA Prospective Plantings report, actually released March 29, 2018 ahead of the Good Friday market closure, put corn acreage at about 88.0M, below trade expectations, signaling tighter supply and driving the sharp one-day rally; the listed March 30 date appears to be a minor discrepancy.
The USDA Prospective Plantings and Grain Stocks report, released 2018-03-30 (before the weekend), likely drove the 2018-04-02 move: planting intentions below expectations and stocks data prompted the first trading-day repricing of US supply.
