Pre-Report Analysis: USDA Prospective Plantings Report

05:00AM Mar 29, 2019
Planting
USDA will release its 2019 Prospective Plantings report at 11 a.m. CDT on Friday, March 29.
( Farm Journal )

USDA will release its 2019 Prospective Plantings report at 11 a.m. CDT on Friday, March 29. During their Ag Outlook Forum, USDA predicted 92 million acres of corn, up nearly 3 million from last year. They pegged soybean acreage at 85 million acres which is down nearly 4-million acres. So what are analysts saying? Well according to Bloomberg, the average trade estimate for corn acres is 91.3 million and for soybeans is 86.2 million acres.

 

prospective plantings

 

AgWeb, along with our partners at AgDay and AgriTalk Radio, spent a lot of time talking with analysts about their expectations for the report, how current issues in ag will shift acres and why this report matters despite the inevitable inaccuracies caused by volatile spring weather.

 

Read all of those pieces below:

 

Analysts: Prospective Plantings Report Important, Albeit Inaccurate

Prospective Plantings: Swing To Secondary Crops?

Prospective Plantings: High-Water Mark for Corn?

Prospective Plantings: Acreage Shuffle Likely
Will Weather Change the Planting Rotation This Year?
Prospective Plantings: Low Margins to Pressure Total Acres
55% of Corn and 60% of Soybeans Under Spring Flood Risk
Markets Now: Flooding Could Push Acres To Soybeans