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FTAG - What Past USDA Prospective Plantings Can Tell Us About 2022
First Trust Indxx Global Agriculture ETF
Over the past 20 years, Prospective Plantings has published an intended acreage for corn that differs from observed acreage by 1.28 million acres on average.
The 2021 report surprised the industry by reporting intended acreage of corn and soybeans below expectations.
The report nonetheless surprised the industry as the intended acreage for corn and soybeans was still below expectations.