BAL 
$61.00  0.29%  
CANE 
$12.17  1.07%  
JO 
$54.00  1.22%  
NIB 
$36.29  1.65%  
IEF 
$91.65  0.72%  
^UGA-IV 
$72.80  0.67%  
UNG 
$14.16  4.90%  
USO 
$81.53  0.00%  
FXA 
$63.76  0.32%  
FXB 
$119.69  0.01%  
FXC 
$70.92  0.13%  
FXE 
$98.09  0.14%  
FXF 
$97.48  0.12%  
FXY 
$60.05  0.65%  
UUP 
$28.88  0.15%  
CORN 
$19.77  0.75%  
SOYB 
$24.72  0.76%  
WEAT 
$5.33  0.47%  
JJC 
$19.56  1.24%  
GLD 
$220.63  1.72%  

Corn Futures Trade Higher, Soybeans and Wheat Follow Suit.

grain-storage

At 11:20 a.m. CT, corn futures surged approximately 15 cents, soybeans saw gains of 1 to 3 cents. Winter wheat markets rose by 10 to 15 cents. Spring wheat climbed 4 to 6 cents, following the release.

Prospective Plantings Report Highlights

  • Corn: The USDA estimates corn plantings at 90.036 million acres, down 4.6 million acres (4.9%) from last year and lower than traders’ expectations of 91.776 million acres.
  • Soybeans: Soybean acres are projected to rise to 86.510 million acres, matching pre-report expectations, and increasing by 2.9 million acres from last year.
  • All Wheat: Expected wheat plantings stand at 47.498 million acres, down 2.1 million acres from last year but higher than traders’ expectations of 47.330 million acres.
  • Cotton: Cotton plantings are estimated to increase to 10.673 million acres, slightly lower than traders’ expectations but up by 443,000 acres from last year.

Quarterly Grain Stocks Report Findings

Corn Stocks: Total corn stocks on March 1 were up 951 million bushels from last year. Coming in at 8.347 billion bushels, slightly below the average pre-report trade estimate.

Soybean Stocks: Soybean stocks on March 1 increased by 158 million bushels from last year. Reaching 1.845 billion bushels, slightly above the average pre-report trade estimate.

Wheat Stocks: Wheat stocks on March 1 rose by 146 million bushels from last year. With a total of 1.087 billion bushels, slightly above the average pre-report trade estimate.

The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results.

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