United States USD

United States USDA Prospective Plantings Report

Impact:
Low

Next Release:

Date:
Period:
What Does It Measure?
The USDA Prospective Plantings Report measures farmers' intentions regarding the acreage they plan to plant for various crops in the forthcoming growing season in the United States. This report primarily focuses on key crops such as corn, soybeans, and wheat, assessing supply dynamics that directly impact agricultural production, market prices, and food supply stability.
Frequency
The report is released annually on the last business day of March and is typically viewed as the first extensive survey of planting intentions in preparation for the upcoming crop year.
Why Do Traders Care?
Traders closely monitor this report as it provides critical insights into future supply expectations, influencing pricing in agricultural futures markets. Significant deviations from expected plantings can cause volatility in commodity prices, impacting currencies related to agricultural economies, and leading to shifts in investment strategies across agricultural stocks.
What Is It Derived From?
The USDA Prospective Plantings Report is derived from a survey conducted by the USDA, which gathers data from over 80,000 farmers across the United States regarding their planting intentions. This survey employs a stratified sampling technique to ensure diverse representation and accuracy in estimating future crop acreage.
Description
The Prospective Plantings Report serves as a crucial indicator for supply expectations in the agricultural sector, helping stakeholders anticipate potential market movements. It provides preliminary insight into crop planting decisions before actual planting occurs, offering a forward-looking perspective on expected production levels.
Additional Notes
This report is classified as a leading economic indicator, as it provides predictions about future agricultural outputs that can affect food prices and economic conditions. It also serves as a benchmark against which other reports, such as the Crop Production Report, can be compared later in the season, highlighting any discrepancies between projected and actual crop yields.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for agricultural commodities, Bearish for agricultural stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise