# Planting report bullish

> The USDA Prospective Plantings report put corn at 88 million acres and soybeans at 89 million, with wheat at 47.3 million acres. Texas A&M economist Mark Welch said the numbers fell outside pre-report estimates, lower for corn and soybeans and higher for wheat.

- Date: 2018-03-30 · published 2018-03-30T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/66029-planting-report-bullish
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Lower corn and soybean area versus expectations points to tighter feed grain and meal supplies, a bullish factor for feed costs.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-04-11 | [PF Report Reaction: USDA's report data fails to provide bullish spark - Pro Farmer](https://feedsoft.ai/events/30676-pf-report-reaction-usda-s-report-data-fails-to-provide-bullish-spark-pro-farmer.md) | -0.9% | -0.5% |
| WHEAT | 2023-10-13 | [What Was So Bullish About the October USDA Reports? - AgWeb](https://feedsoft.ai/events/33586-what-was-so-bullish-about-the-october-usda-reports-agweb.md) | +0.7% | -1.6% |
| WHEAT | 2017-03-09 | [USDA Reports Flash](https://feedsoft.ai/events/71937-usda-reports-flash.md) | +0.7% | +0.6% |
| WHEAT | 2018-04-10 | [USDA Reports Flash](https://feedsoft.ai/events/65481-usda-reports-flash.md) | +2.4% | +2.6% |
| WHEAT | 2016-12-09 | [USDA Reports Flash](https://feedsoft.ai/events/73424-usda-reports-flash.md) | +1.5% | +0.3% |
| SOY | 2021-01-12 | [Grain prices soar on bullish USDA reports](https://feedsoft.ai/events/49089-grain-prices-soar-on-bullish-usda-reports.md) | +0.8% | +2.0% |
| SOY | 2018-04-03 | [Planting report leads to market rally - Farm and Dairy](https://feedsoft.ai/events/65541-planting-report-leads-to-market-rally-farm-and-dairy.md) | +1.1% | +0.2% |
| SOY | 2021-08-13 | [August WASDE Report Indicates Bullish Corn Markets - ProAg](https://feedsoft.ai/events/45501-august-wasde-report-indicates-bullish-corn-markets-proag.md) | -5.6% | -9.0% |

## Sources

- farmprogress.com: https://www.farmprogress.com/crops/bullish-numbers-in-prospective-planting-report

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