# Futures hit limits as USDA fails to deliver corn, soybean planting hike - Fastmarkets

> The USDA's first official 2021/22 Prospective Plantings report put US corn plantings at 91.1 million acres and soybeans at 87.6 million, both well below trade expectations. The same report cut soybean ending stocks by 31%, and the quarterly stocks update also came out.

- Date: 2021-03-31 · published 2021-03-31T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/48140-futures-hit-limits-as-usda-fails-to-deliver-corn-soybean-planting-hike
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower-than-expected acreage and a sharply smaller soybean stocks outlook tighten the new-crop balance sheet, which pushed corn and soybean futures sharply higher and raises feed grain and soymeal costs for buyers.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2021-03-30 | 1 | +4.9% | 4.1 | The USDA Prospective Plantings report showed soybean acres well below expectations and cut ending stocks sharply, which is a bullish supply shock that sent soybean complex futures limit-up. The report was released March 31 but the 4.94% move ends March 30, so the timing is slightly ambiguous. |
| SOY | 2021-03-30 | 1 | +5.1% | 3.7 | USDA Prospective Plantings showed soybean acreage (87.6M) well below expectations and cut soybean stocks 31%, triggering limit-up futures and the large 5.12% move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-03-31 | [PF Report Reaction: Corn, soybean planting intentions shock markets - Pro Farmer](https://feedsoft.ai/events/42295-pf-report-reaction-corn-soybean-planting-intentions-shock-markets-pro-farmer.md) | +4.1% | +5.9% |
| CORN | 2024-02-09 | [Conab slashes Brazil soybean output to 149.4M tonnes and corn to 113.6M tonnes - Fastmarkets](https://feedsoft.ai/events/13588-conab-slashes-brazil-soybean-output-to-149-4m-tonnes-and-corn-to-113-6m-tonnes.md) | -2.2% | +2.9% |
| CORN | 2025-09-12 | [USDA Delivers Another Corn Surprise With Yield Cut, Acres Hike](https://feedsoft.ai/events/6853-usda-delivers-another-corn-surprise-with-yield-cut-acres-hike.md) | +5.1% | +3.6% |
| CORN | 2023-10-12 | [USDA Further Trims Its Forecasts for US Corn and Soybeans](https://feedsoft.ai/events/13238-usda-further-trims-its-forecasts-for-us-corn-and-soybeans.md) | -0.4% | -1.5% |
| CORN | 2024-03-28 | [USDA Estimates Farmers Will Plant 90M Corn Acres, 86.5M Soybean Acres This Year](https://feedsoft.ai/events/31261-usda-estimates-farmers-will-plant-90m-corn-acres-86-5m-soybean-acres-this-year.md) | -2.0% | -3.8% |
| SOY | 2026-03-31 | [CBOT soybean futures rally as planting estimate falls short of expectations \| MarketScreener](https://feedsoft.ai/events/20193-cbot-soybean-futures-rally-as-planting-estimate-falls-short-of-expectations.md) | -0.1% | +1.1% |
| SOY | 2019-08-12 | [Corn futures fall 6% after bearish USDA crop report; soybeans down 1.3%](https://feedsoft.ai/events/11736-corn-futures-fall-6-after-bearish-usda-crop-report-soybeans-down-1-3.md) | -0.7% | -3.3% |
| SOY | 2024-02-09 | [Conab slashes Brazil soybean output to 149.4M tonnes and corn to 113.6M tonnes - Fastmarkets](https://feedsoft.ai/events/13588-conab-slashes-brazil-soybean-output-to-149-4m-tonnes-and-corn-to-113-6m-tonnes.md) | -2.6% | -1.9% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/futures-hit-limits-as-usda-fails-to-deliver-corn-soybean-planting-hike/

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