News & Publications
March 28, 2023 |
How this week’s USDA report could impact profits
This week brings two significant USDA reports, both on Friday, March 31 — Planting Intentions and Quarterly Grain Stocks. These reports have a history of moving the market. It is important to remember it is impossible to predict what will be printed in these reports, and how the trade will react to the numbers printed.
When we look at the analyst estimates for acreage in upcoming reports, one thing that stands out is the WIDE RANGE of guesses between analysts. ‘Expert’ corn acreage guesstimates are anywhere between 87.7 and 92.1 million acres. Let’s take a minute to dig into what these different scenarios could mean to you.