The US Department of Agriculture will on Friday 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.
| Estimates for USDA data on US crop sowings, 2023 | ||||
| Crop | Mean forecast | Range of forecasts | USDA March 31 estimate | USDA estimate for last year |
| Barley | 2.905 | 2.8-3.05 | 2.922 | 2.945 |
| Corn | 91.853 | 91.000-93.000 | 91.996 | 88.579 |
| Cotton | 11.119 | 10.5-12.0 | 11.256 | 13.763 |
| Oats | 2.603 | 2.4-2.8 | 2.667 | 2.581 |
| Rice | 2.539 | 2.4-2.683 | 2.583 | 2.222 |
| Soybeans | 87.673 | 87.000-88.500 | 87.505 | 87.450 |
| Sorghum | 6.22 | 5.9-6.7 | 5.975 | 6.325 |
| All wheat | 49.656 | 48.600-50.200 | 49.855 | 45.738 |
| Of which winter wheat | 37.312 | 36.700-37.800 | 37.505 | 33.271 |
| Durum | 1.774 | 1.695-1.850 | 1.780 | 1.632 |
| Other spring | 10.508 | 10.100-11.100 | 10.570 | 10.835 |
| All data in million acres |
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| Estimates for USDA data on US grain inventories, as of June 1 | ||||
| Crop | Mean forecast | Range of forecasts | Stocks as of March 1 2022 | Stocks as of June 1 2021 |
| Corn | 4.255 | 4.086-4.410 | 7.349 | 4.349 |
| Soybeans | 0.812 | 0.750-0.920 | 1.685 | 0.968 |
| All wheat | 0.611 | 0.588-0.690 | 0.946 | 0.698 |
| Area data in billion bushels |
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