The US Department of Agriculture will on Wednesday reveal the July 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 1.421 1.315-1.502 1.452
Soybeans 0.233 0.205-0.270 0.230
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 2.249 1.951-2.652 2.257
Soybeans 0.195 0.125-0.280 0.350
All wheat 0.568 0.533-0.607 0.562
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 298.1 296.0-299.9 297.6
Soybeans 101.0 99.0-102.0 101.3
All wheat 266.4 265.0-268.0 266.7
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 314.2 310.4-321.4 314.0
Soybeans 121.4 117.5-125.4 123.3
All wheat 270.0 266.6-272.5 270.7
All data in million tonnes

 

Market expectations for USDA estimates of US wheat harvest, 2023-24
Crop Mean forecast Range of forecasts USDA’s existing estimate
Durum 0.060 0.055-0.070 N/A
Other spring wheat 0.476 0.430-0.510 N/A
Hard red 0.532 0.471-0.566 0.525
Soft red 0.407 0.369-0.422 0.402
White 0.208 0.195-0.223 0.209
Total winter wheat 1.147 1.100-1.190 1.136
All wheat 1.682 1.612-1.730 1.665
All data in billion bushels