USDA’s Quarterly Stocks and Planting Intentions Reports will be released this Wednesday, March 31. “Quarterly Grains Stocks is always important, but because the balance sheets are so tight, the market is sensitive,” says Katie Tangen, market education specialist, AgCountry Farm Credit Services. “Is 90 million acres of soybeans in the Prospective Plantings enough? We won’t know until further into the summer. Corn at 92 million acres is okay.” Tangen says planting intentions typically do change, especially if dry conditions in the Northern Plains persist. These numbers sets the grain trade up for the next month or so. Hear more about the upcoming reports, the new Pandemic Assistance for Producers plan and more in the Rural Perspectives podcast.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.