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
