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Midweek Markets: In the middle of a ‘report sandwich’Midweek Markets: In the middle of a ‘report sandwich’

We look back at last week’s prospective plantings report and ahead to Friday’s WASDE release.

Ben Potter

April 7, 2021

1 Min Read
Midweek Markets with Jacqueline Holland and Ben Potter

Planters have begun to roll across the central U.S., and USDA has taken note.

Last week, the agency released its hotly anticipated prospective plantings report, which sent corn and soybean prices soaring limit up on March 31. This Monday, USDA released its first crop progress report of the 2021 season. And this coming Friday, the agency will put out its monthly World Agricultural Supply and Demand Estimates (WASDE) report.

Recent grain price volatility just goes to show – there are still a lot of factors up in the air right now. Will U.S. farmers really plant 91.1 million acres of corn and 87.6 million acres of soybeans this year? Can Brazilian farmers really capture a 5-billion-bushel soybean harvest this season? Is a new “just in case” strategy beginning to emerge for the global supply chain?

We tackle all of these questions and more in the latest Midweek Markets podcast.

Listen to the latest Midweek Markets podcast for February 24, 2021:

Farm Futures Market Update · 04 - 07 - 2021 MM PODCAST


About the Author(s)

Ben Potter

Senior editor, Farm Futures

Senior Editor Ben Potter brings more than 14 years of professional agricultural communications and journalism experience to Farm Futures. He began working in the industry in the highly specific world of southern row crop production. Since that time, he has expanded his knowledge to cover a broad range of topics relevant to agriculture, including agronomy, machinery, technology, business, marketing, politics and weather. He has won several writing awards from the American Agricultural Editors Association, most recently on two features about drones and farmers who operate distilleries as a side business. Ben is a graduate of the University of Missouri School of Journalism.

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