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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 and Grain Stocks report released 2020-03-31 gave the first survey-based view of US corn acreage and stocks, a direct supply-side catalyst that plausibly drove sharp price repricing at the end of the 5-day window, though the move may also have reflected broader March 2020 volatility (COVID-19, crude oil collapse, ethanol demand) that is not captured here.
The March 31 Prospective Plantings showed US soybean intentions rebounding to about 83.5M acres alongside ample quarterly stocks, pointing to larger future bean and meal supply and pressuring meal prices; the late-March COVID-driven spike in meal likely unwinding also contributed.
The March 31 Prospective Plantings showed US soybean intentions rebounding to about 83.5M acres alongside ample quarterly stocks, pointing to larger future bean and meal supply and pressuring meal prices; the late-March COVID-driven spike in meal likely unwinding also contributed.
