# Grain ETFs Surge as U.S. Cuts Back in Planting Season

> USDA's Prospective Plantings report showed U.S. farmers intend to plant 88 million acres of corn and 89 million of soybeans, both below analyst expectations. Corn and soybean futures rallied and grain ETFs jumped, with soybean acres exceeding corn for the first time in decades.

- Date: 2018-03-29 · published 2018-03-29T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/66028-grain-etfs-surge-as-u-s-cuts-back-in-planting-season
- 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

Acreage cuts well below expectations tighten the outlook for US corn and soybean supplies, supporting prices for feed grains and soybean meal.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-12-02 | [Surging grain prices add to inflation unease \| Saxo](https://feedsoft.ai/events/11431-surging-grain-prices-add-to-inflation-unease-saxo.md) | -0.1% | +3.3% |
| CORN | 2018-06-12 | [U.S. grains: Wheat surges after USDA cuts Russian output estimate - Grainews](https://feedsoft.ai/events/64555-u-s-grains-wheat-surges-after-usda-cuts-russian-output-estimate-grainews.md) | -2.1% | -4.6% |
| CORN | 2023-02-24 | [Black Sea grain exports seen moderating global grain prices \| World Grain](https://feedsoft.ai/events/37370-black-sea-grain-exports-seen-moderating-global-grain-prices-world-grain.md) | -2.9% | -3.7% |
| CORN | 2022-04-29 | [Soybean, sunflower production growing in Argentina \| World Grain](https://feedsoft.ai/events/14039-soybean-sunflower-production-growing-in-argentina-world-grain.md) | -7.1% | -3.2% |
| CORN | 2022-01-12 | [U.S. grains: Wheat futures fall on bigger-than-expected plantings, stocks - AgCanada](https://feedsoft.ai/events/43100-u-s-grains-wheat-futures-fall-on-bigger-than-expected-plantings-stocks-agcanada.md) | -2.6% | +3.6% |
| SOY | 2020-12-02 | [Surging grain prices add to inflation unease \| Saxo](https://feedsoft.ai/events/11431-surging-grain-prices-add-to-inflation-unease-saxo.md) | -1.4% | +12.2% |
| SOY | 2023-07-01 | [U.S. grains: Soy soars after USDA slashes plantings estimate - Grainews](https://feedsoft.ai/events/35069-u-s-grains-soy-soars-after-usda-slashes-plantings-estimate-grainews.md) | -3.2% | -7.2% |
| SOY | 2018-06-12 | [U.S. grains: Wheat surges after USDA cuts Russian output estimate - Grainews](https://feedsoft.ai/events/64555-u-s-grains-wheat-surges-after-usda-cuts-russian-output-estimate-grainews.md) | -4.7% | -10.6% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/grain-etfs-surge-u-cuts-180501580.html

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