Pulse Market Insight #249

USDA Acreage Impacts
The USDA just released its 2024 Prospective Plantings report, an early indication of farmers’ seeding intentions. While most analysts are focused on the corn and soybean numbers, we look more closely at minor crops, including pulses. These estimates certainly aren’t the final word in US acreage; better data will show up in late June and then in August forward. Even so, the USDA’s numbers are a good place to start. And just like in Canada, farmers are looking favourably on pulse crops. Read the full report from Chuck Penner of LeftField Commodity Research here.