The US Department of Agriculture will on Thursday reveal keenly-anticipated data on US farmers’ crop sowings, as well as a much-watched report on quarterly US grain stocks.
Below expectations of what investors, as polled by Reuters, expect the reports to show.
The USDA on March 31 unveiled a report on farmers’ spring planting intentions.
|Estimates for USDA data on US crop sowings, 2022|
|Crop||Mean forecast||Range of forecasts||USDA March 31 estimate||USDA estimate for last year
|Of which winter wheat||34.303||34.200-35.000||34.236||33.648|
|All data in million acres
|Estimates for USDA data on US grain inventories, as of March 1|
|Crop||Mean forecast||Range of forecasts||Stocks as of March 1 2022||Stocks as of June 1 2021|
|Area data in billion bushels