As has been noted, USDA will release its 2018 planting intentions estimates on 30 March at noon (EDT), which will be the first ones for the year that are based on actual producer surveys. Those surveys, usually compiled from over 80,000 farmer responses, were completed during the first two weeks of March. USDA then uses them in conjunction with other historical data to produce the actual report estimates. The table below compares actual 2017 planted acreage with the USDA Outlook Forum numbers released in February and the trade guesses for this week’s report.
The markets will first look at the corn number. The guess range is 87.5-91 million acres, and 88.5 million acres were used in last week’s analysis of the 2018/19 U.S. cor...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
