USDA Plantings & Stocks breakdown
USDA March Prospective Plantings & Grain Stocks
Export inspections today @ 10 am did little to budge the market before the USDA Prospective Plantings released. Exports showed corn above & wheat/soybeans within the average trade guesses.
Market is moving wheat higher with less stocks & acres than the average guess. USDA is calling winter wheat plantings at 33.3 m acres vs. traders guess at 33.9 m acres. Old crop corn is higher with stocks lower than guessed, while new crop contracts has been bouncing on both sides of flat. Soybean stocks are up & trading lower. Live & fat cattle, cotton all lower.
|
USDA 2025 Prospective Plantings |
||||
|
Commodity |
USDA March 2025 |
Avg. Trade Est. (acres) |
Range of trader guesses (acres) |
2024 (acres) |
|
Corn |
95.326 m |
94.4m |
92.5 – 96.6m |
90.6m |
|
Soybeans |
83.495 m |
83.8m |
82.5-85.5m |
87.1m |
|
All Wheat Classes |
45.350 m |
46.5m |
45.4-47.1m |
46.1m |
|
|
Stocks as of Mar. 1 |
||||
|
Commodity |
USDA March 2025 |
Avg. Trade Est. (bushels) |
Range of trader guesses (bushels) |
2024 (bushels) |
|
|
Corn |
8.151 bb |
8.154 b |
8.060-8.310 b |
8.352 b |
|
|
Soybeans |
1.910 bb |
1.905 b |
1.823-2.015 b |
1.845 b |
|
|
All Wheat Classes |
1.237 bb |
1.221 b |
1.169 – 1.260 b |
1.089 b |
|
Attached is a link to the USDA website where you can find both the Prospective Plantings & Grain Stocks reports. https://www.nass.usda.gov/Publications/
Have a great day!
-Kavan Killian RMA TX/OK Panhandle
