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|
|Of which winter wheat||36.256||34.300-37.000||36.950||33.721|
|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|
|All data in billion bushels|