# Planting report leads to market rally - Farm and Dairy

> USDA's Prospective Planting report on March 29 showed far lower plantings than expected, sending December corn and November soybeans sharply higher. Prices then gave back part of the gains, with December corn settling at 4.11 1/2 and November beans at 10.40.

- Date: 2018-04-03 · published 2018-04-03T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/65541-planting-report-leads-to-market-rally-farm-and-dairy
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The surprise acreage shortfall lifted corn and soybean prices, and the partial reversal shows the market is sensitive to USDA acreage data.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-10-17 | [Report Reaction Shows Differing Corn and Soybean Market Conditions - farmdoc daily](https://feedsoft.ai/events/33645-report-reaction-shows-differing-corn-and-soybean-market-conditions-farmdoc-daily.md) | +2.6% | -1.6% |
| CORN | 2021-03-03 | [USDA Report: U.S. Dairy Farm Numbers Continue to Decline](https://feedsoft.ai/events/48126-usda-report-u-s-dairy-farm-numbers-continue-to-decline.md) | +4.3% | +3.1% |
| 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 | 2020-07-01 | [Corn extends rally after deep cut to US planting estimate - Markets - Business Recorder](https://feedsoft.ai/events/52153-corn-extends-rally-after-deep-cut-to-us-planting-estimate-markets-business.md) | +1.9% | -4.5% |
| CORN | 2018-03-30 | [Planting report bullish](https://feedsoft.ai/events/66029-planting-report-bullish.md) | +2.3% | +3.1% |
| SOY | 2023-10-17 | [Report Reaction Shows Differing Corn and Soybean Market Conditions - farmdoc daily](https://feedsoft.ai/events/33645-report-reaction-shows-differing-corn-and-soybean-market-conditions-farmdoc-daily.md) | +0.0% | +6.4% |
| SOY | 2020-07-01 | [Corn extends rally after deep cut to US planting estimate - Markets - Business Recorder](https://feedsoft.ai/events/52153-corn-extends-rally-after-deep-cut-to-us-planting-estimate-markets-business.md) | +1.2% | +0.8% |
| SOY | 2017-11-13 | [Weekly Market Report: 11/10/17 – Oklahoma Farm & Ranch](https://feedsoft.ai/events/6094-weekly-market-report-11-10-17-oklahoma-farm-and-ranch.md) | +1.4% | +0.5% |

## Sources

- farmanddairy.com: https://www.farmanddairy.com/news/top-stories/planting-report-leads-to-market-rally/479538.html

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