The Prospective Plantings report for Soybeans is a major fundamental indicator released by the USDA, estimating the total acreage U.S. farmers intend to plant for the upcoming season. This report is based on extensive surveys and serves as the first official baseline for expected supply. Discrepancies between the report and market expectations often lead to immediate and sharp price adjustments in agricultural commodities.
Calculated based on surveys of approximately 80,000 farm operators across the United States conducted by the National Agricultural Statistics Service (NASS).
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Mar 28, 2024 | 86.51 | 86.53 | -0.02 |
| Mar 31, 2023 | 87.50 | 88.24 | -0.74 |
| Mar 31, 2022 | 90.95 | 88.73 | +2.23 |
| Mar 31, 2021 | 87.60 | 90.00 | -2.40 |
The latest reading is within its usual range, less than one standard deviation from the mean.
