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Good morning,

It’s finally report day! Corn is unchanged and soybeans are down 7 to start the day. The USDA will release the March 1st stocks and Prospective planting intentions at 11:00 am today. Estimates for today’s report are listed below.

USDA March 1 Stocks (billion bushels)

March 2024 Average Est. March 2023
Corn 8.347 8.427 7.396
Soybeans 1.845 1.828 1.687
Wheat 1.087 1.044 .941

 

USDA Prospective Plantings (million acres)

March 2024 Average Est. USDA Ag Forum
Corn 90.04 91.776 91.00
Soybeans 86.51 86.530 87.50
All Wheat 47.49 47.330 47.00

 

I would advise producers to be making sales and get offers in place for both old and new crop ahead of the report.

Have a Safe Day!
Garry Gard
920-348-6844
ggard@didioninc.com