United StatesUS Prospective Plantings - Soy fell to 86.51M in March 2024
US Prospective Plantings - Soy fell to 86.51M in March 2024, down 0.99M from February's 87.51M reading. The reading matched the 86.53M consensus.
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Forecasts generated by Sigmanomics engine. Not financial advice.
Median Absolute Error
across last 4 releases
Last Call
Mar 2024
Method: consensus + ½ × mean(surprise, trailing 90d).
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Moves with | → View |
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Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Prospective Plantings - Soy (United States) was reported at 86.51 million in March 2024. This missed the market consensus of 86.53 million by 0.02 million. The reading fell from the previous value of 87.51 million.
WHY IT MATTERS
The indicator has been trending downward over the last three releases.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Fed Schmid Speech (Nov 10) and Fed Bowman Speech (Nov 10).
Auto-generated from current model state · Refreshes on each release · Last update March 2024.
Prospective Plantings - Soy - US
About Prospective Plantings - Soy — United States
DEFINITION
beans Prospective Plantings - Soybeans is a key financial indicator that provides insight into the future supply and demand of soybeans. It is a report released by the United States Department of Agriculture (USDA) that estimates the number of acres farmers intend to plant with soybeans in the upcoming growing season. This information is crucial for investors, traders, and other stakeholders in the agricultural industry as it helps them make informed decisions about pricing and market trends. The Prospective Plantings report is highly anticipated and can have a significant impact on the soybean market.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2024): actual 86.51 M, consensus 86.53 M. Prior reading (Mar 2023, first reported): 87.5 M. Before that (Mar 2022, first reported): 90.96 M.
WHAT'S NEXT
Sigmacast's 1-month forecast is 86.15M (latest print 86.51M). The 3-month forecast is 85.42M. The projection is based on the indicator's own recent trend. This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.
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Economic Calendar - US Events
| Monday, November 9, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 15:00 | US | Wholesale Inventories MoM | 0.7 | 0.6 | 0.6 | 0.65 | Low |
| 15:00 | US | Wholesale Sales MoM | 2.8 | 2 | 1.1 | 1.95 | Low |
| 16:00 | US | Consumer Inflation Expectation | 3.9 | 3.9 | 3.8 | 3.85 | Low |
| 16:30 | US | 3-Month Bill Auction | 4.06 | 4.04 | 4.009 | 4.03 | Low |
| Tuesday, November 10, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 11:00 | US | NFIB Business Optimism Index | 97.8 | 97.9 | 97.7 | 98.30 | Low |
| 13:30 | US | CPI s.a | 337.48 | 336.3 | 337 | 337.17 | High |
| 13:30 | US | Inflation Rate MoM | 0.4 | 0.6 | 0.3 | 0.33 | High |
| 13:30 | US | Core Inflation Rate MoM | 0.3 | 0.3 | 0.2 | 0.23 | High |
| 13:30 | US | CPI | 337.51 | 336.94 | 337.02 | 337.13 | High |
| 13:55 | US | Redbook YoY | 10.1 | 10.4 | 9.3 | 9.70 | Low |
| 21:30 | US | API Crude Oil Stock Change | -5.267 | -1 | 3.79 | Medium | |
| Wednesday, November 11, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 19:00 | US | Budget Balance | -27 | -298 | -339.85 | Medium | |