# Surprise, surprise! | Farm Progress

> USDA's March 31 Prospective Plantings and March 1 Grain Stocks reports contained both bullish and bearish surprises. The headline numbers moved markets both higher and lower. Key state-level data were broken down by region.

- Date: 2017-04-01 · published 2017-04-01T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/71450-surprise-surprise-farm-progress
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Acreage and stocks surprises set the planting-season price direction for corn and soybeans, which affects feed costs.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-04-08 | [Iowa’s 2018 yields beat the odds \| Farm Progress](https://feedsoft.ai/events/59442-iowa-s-2018-yields-beat-the-odds-farm-progress.md) | -1.1% | -2.2% |
| CORN | 2023-12-08 | [No Surprises in Stocks Report \| Red River Farm Network](https://feedsoft.ai/events/32637-no-surprises-in-stocks-report-red-river-farm-network.md) | -2.7% | -0.3% |
| CORN | 2022-04-08 | [Few Surprises in April WASDE Report \| Red River Farm Network](https://feedsoft.ai/events/41796-few-surprises-in-april-wasde-report-red-river-farm-network.md) | -0.7% | -6.4% |
| CORN | 2020-09-14 | [A Slight Surprise for Soybeans in Friday’s Report \| Red River Farm Network](https://feedsoft.ai/events/51067-a-slight-surprise-for-soybeans-in-friday-s-report-red-river-farm-network.md) | +3.4% | +4.6% |
| CORN | 2021-10-07 | [Argentina Crop Progress and Condition](https://feedsoft.ai/events/44407-argentina-crop-progress-and-condition.md) | -2.7% | +6.7% |
| SOY | 2019-04-08 | [Iowa’s 2018 yields beat the odds \| Farm Progress](https://feedsoft.ai/events/59442-iowa-s-2018-yields-beat-the-odds-farm-progress.md) | -0.4% | -9.1% |
| SOY | 2019-01-01 | [USDA Reports Provide Surprises for Corn](https://feedsoft.ai/events/61054-usda-reports-provide-surprises-for-corn.md) | +2.7% | +4.4% |
| SOY | 2020-07-06 | [USDA Surprises Drive Corn Prices Higher - farmdoc daily](https://feedsoft.ai/events/52152-usda-surprises-drive-corn-prices-higher-farmdoc-daily.md) | -0.1% | +0.6% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/surprise-surprise-

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