USDA will release its Prospective Plantings and quarterly Grain Stocks Reports Monday, both of which have potential to trigger strong price reactions. Most of the pre-report focus tends to be on planting intentions for the upcoming growing season. But quarterly stocks have a history of producing big price moves, especially for the corn market, as analysts have struggled to accurately predict those figures. The following pre-report estimates are from a Reuters survey.
| Expectations for Prospective Plantings Report |
| Corn – million acres |
| Average est. | 94.361 |
| Range | 92.500 – 96.600 |
| Pro Farmer/Doane survey | 93.750 |
| USDA final 2024 | 90.594 |
| |
| Soybeans – million acres |
| Average est. | 83.762 |
| Range | 82.500 – 85.500 |
| Pro Farmer/Doane survey | 85.000 |
| USDA final 2024 | 87.050 |
| |
| All wheat – million acres |
| Average est. | 46.475 |
| Range | 45.400 – 47.815 |
| Pro Farmer/Doane survey | 45.400 |
| USDA final 2024 | 46.079 |
|
| Other spring wheat – million acres |
| Average est. | 10.531 |
| Range | 10.000 – 11.500 |
| Pro Farmer/Doane survey | 10.050 |
| USDA final 2024 | 10.625 |
|
| Durum wheat – million acres |
| Average est. | 2.004 |
| Range | 1.700 – 2.400 |
| Pro Farmer/Doane survey | 2.050 |
| USDA final 2024 | 2.064 |
| |
| Cotton – million acres |
| Average est. | 10.189 |
| Range | 9.850 – 10.500 |
| Pro Farmer/Doane survey | 9.750 |
| USDA final 2024 | 11.128 |
| |
| Expectations for Quarterly Grain Stocks Report |
| Corn – billion bu. |
| Average est. for March 1, 2025 | 8.151 |
| Range | 8.050 – 8.311 |
| USDA Dec. 1, 2024 | 12.074 |
| USDA March 1, 2024 | 8.352 |
| |
| Soybeans – billion bu. |
| Average est. for March 1, 2025 | 1.901 |
| Range | 1.823 – 2.015 |
| USDA Dec. 1, 2024 | 3.100 |
| USDA March 1, 2024 | 1.845 |
| |
| Wheat – billion bu. |
| Average est. for March 1, 2025 | 1.215 |
| Range | 1.125 – 1.252 |
| USDA Dec. 1, 2024 | 1.570 |
| USDA March 1, 2024 | 1.089 |
