The US Department of Agriculture will on Friday reveal the June edition of its monthly Wasde report, giving estimates for world ag supply and demand.

Below expectations of what investors, as polled by Reuters, expect the report to show.

 

Market expectations for USDA estimates of US grain stocks, close of 2022-23
Crop Mean forecast Range of forecasts USDA’s existing estimate
Corn 1.449 1.392-1.515 1.417
Soybeans 0.223 0.200-0.255 0.215
Wheat 0.606 0.592-0.643 0.598
All data in billion bushels

 

Market expectations for USDA estimates of US grain stocks, close of 2023-24
Crop Mean forecast Range of forecasts USDA’s existing estimate
Corn 2.254 2.186-2.370 2.222
Soybeans 0.345 0.320-0.375 0.335
All wheat 0.569 0.542-0.627 0.556
All data in billion bushels

 

Market expectations for USDA estimates of world grain stocks, close of 2022-23
Crop Mean forecast Range of forecasts USDA’s existing estimate
Corn 297.66 294.40-299.50 297.41
Soybeans 100.55 98.00-103.25 101.04
All wheat 266.28 265.20-268.10 266.28
All data in million tonnes

 

Market expectations for USDA estimates of world grain stocks, close of 2023-24
Crop Mean forecast Range of forecasts USDA’s existing estimate
Corn 313.12 309.90-315.35 312.90
Soybeans 121.99 119.50-124.76 122.50
All wheat 264.65 261.73-267.31 264.34
All data in million tonnes

 

Market expectations for USDA estimates of US winter wheat harvest, 2023-24
Crop Mean forecast Range of forecasts USDA’s existing estimate
Hard red 0.520 0.484-0.594 0.514
Soft red 0.414 0.397-0.436 0.406
White 0.210 0.204-0.220 0.210
Total winter wheat 1.143 1.107-1.228 1.130
All wheat 1.672 1.642-1.775 1.659
All data in billion bushels