Report Snapshot: Bigger-than-expected corn plantings

USDA estimates 95.326 million corn acres will be planted this spring, nearly a million acres above the average pre-report estimate. Soybean and wheat plantings were slightly below expectations. March 1 corn stocks met analysts’ expectations, while wheat and bean stocks were slightly above.

USDA
USDA Prospective Plantings and quarterly Grain Stocks Reports
(USDA )

Prospective Plantings Report
Corn – million acres
USDA95.326
Average est.94.361
Pro Farmer/Doane survey93.75
USDA final 202490.594
Soybeans – million acres
USDA83.495
Average est.83.762
Pro Farmer/Doane survey85.00
USDA final 202487.050
All wheat – million acres
USDA45.350
Average est.46.475
Pro Farmer/Doane survey45.4
USDA final 202446.079
Other spring wheat – million acres
USDA10.020
Average est.10.531
Pro Farmer/Doane survey10.05
USDA final 202410.625
Durum wheat – million acres
USDA2.015
Average est.2.004
Pro Farmer/Doane survey2.05
USDA final 20242.064
Cotton – million acres
USDA9.867
Average est.10.189
Pro Farmer/Doane survey9.75
USDA final 202411.182

Quarterly Grain Stocks Report
Corn – billion bu.
USDA March 1, 20258.151
Average est.8.151
USDA Dec. 1, 202412.074
USDA March 1, 20248.352
Soybeans – billion bu.
USDA March 1, 20251.910
Average est.1.901
USDA Dec. 1, 20243.100
USDA March 1, 20241.845
Wheat – billion bu.
USDA March 1, 20251.237
Average est.1.215
USDA Dec. 1, 20241.570
USDA March 1, 20241.089