Evaluating USDA Prospective Plantings and Grain Stocks Reports “By the Numbers”

Following are some extensive data tables representing a Kansas State University perspective on the USDA reports released today, i.e., the Prospective Plantings and Grain Stocks Reports.  Lower than expected 2017 planted acres intentions for U.S. corn, grain sorghum, and durum wheat, and more for soybeans.   Less than expected DEC-FEB 2017 feed usage of corn, wheat, and soybeans led to higher March 1, 2017 grain stocks for these same crops.   Following are tables from KSU comparing the results of these reports to prereport trade expections and the last 3 actual years.

 

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