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
|Of which winter wheat||37.312||36.700-37.800||37.505||33.271|
|All data in million acres
|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|
|Area data in billion bushels