The US Department of Agriculture on Thursday revealed data on US farmers’ crop sowings areas, and a quarterly briefing on US grain stocks.
Below key data in the briefings, and how these numbers differed from market expectations.
| USDA estimates for US crop sowings, 2022 | ||||
| Crop | Area estimate | Difference from March 31 estimate | Difference from market forecast | Difference from 2021 |
| Barley | 3.046 | +0.105 | +0.272 | +0.386 |
| Corn | 89.921 | +0.431 | +0.060 | -3.436 |
| Cotton | 12.478 | +0.244 | +0.284 | +1.258 |
| Oats | 2.392 | -0.155 | -0.194 | -0.158 |
| Rice | 2.343 | -0.109 | -0.111 | -0.189 |
| Sorghum | 6.305 | +0.100 | -0.172 | -1.00 |
| Soybeans | 88.325 | -2.630 | -2.121 | +1.130 |
| All wheat | 47.092 | -0.259 | +0.075 | +0.389 |
| Of which winter wheat | 34.006 | -0.230 | -0.297 | +0.358 |
| Durum | 1.976 | +0.061 | +0.137 | +0.341 |
| Other spring | 11.110 | -0.090 | +0.266 | -0.310 |
| All data in million acres | ||||
| USDA estimates for US grain inventories, as of June 1 | |||
| Crop | Stocks | Difference from year before | Difference from market forecast |
| Corn | 4.346 | +0.235 | +0.003 |
| Soybeans | 0.971 | +0.202 | +0.006 |
| All wheat | 0.660 | -0.185 | +0.005 |
| All data in billion bushels | |||
