The US Department of Agriculture will on Friday reveal keenly-anticipated data on US farmers’ intentions for their spring sowings programme, 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.
| Estimates for USDA data on US crop sowings, 2023 | |||||||||
| Crop | Mean forecast | Range of forecasts | USDA Outlook Forum estimate | USDA estimate for 2022 | |||||
| Barley | 2.919 | 2.700-3.000 | n/a | 2.945 | |||||
| Corn | 90.880 | 87.677-92.050 | 91.000 | 87.677 | |||||
| Cotton | 11.212 | 10.300-12.700 | 10.90 | 13.763 | |||||
| Oats | 2.520 | 2.400-2.700 | n/a | 2.581 | |||||
| Rice | 2.484 | 2.300-2.690 | 2.500 | 2.222 | |||||
| Sorghum | 6.702 | 6.100-8.524 | 6.500 | 6.325 | |||||
| Soybeans | 88.242 | 87.350-89.620 | 87.500 | 87.450 | |||||
| All wheat | 48.852 | 45.744-49.950 | 49.500 | 45.738 | |||||
| Of which winter wheat | 36.256 | 34.300-37.000 | 36.950 | 33.721 | |||||
| Durum | 1.666 | 1.175-2.000 | n/a | 1.632 | |||||
| Other spring | 10.950 | 9.760-12.000 | n/a | 10.835 | |||||
| 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 Dec 1 2022 | |||||
| Corn | 7.470 | 7.240-7.830 | 7.758 | 10.809 | |||||
| Soybeans | 1.742 | 1.600-1.910 | 1.932 | 3.022 | |||||
| All wheat | 0.934 | 0,891-1.020 | 1.029 | 1.280 | |||||
| All data in billion bushels | |||||||||
