The US Department of Agriculture will on Friday reveal the January 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 forecasts for 2023 US corn, soybean production
Crop Mean forecast Range of forecasts Current USDA estimate USDA 2022-23
Corn harvested area  87.036 86.600-87.200 87.096 79.207
Corn yield 174.9 174.0-176.5 174.9 173.4
Corn production 15,226 15,068-15,370 15,234 13,715
Soybean harvested area 82.757 82.300-83.000 82.791 86.336
Soybean yield 49.9 49.5-50.4 49.9 49.6
Soybean production 4,127 4,074-4,173 4,129 4,270
Yield data in bushels per acre, area data in million acres, production 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 2,111 1,977-2,221 2,131 1,361
Soybeans 245 215-314 245 268
All wheat 659 615-690 659 582
All data in million bushels

 

Market expectations for USDA estimates of US grain stocks, December 1
Crop Mean forecast Range of forecasts Last year
Corn 12.050 11.826-12.260 10.821
Soybeans 2.975 2.935-3.019 3.021
All wheat 1.387 1.272-1.466 1.312
All data in billion bushels

 

 

Market expectations for USDA estimates of world grain stocks, close of 2023-24
Crop Mean forecast Range of forecasts USDA’s existing estimate
Corn 312.9 308.0-318.0 315.2
Soybeans 111.9 107.2-115.0 114.2
All wheat 258.3 256.0-261.6 258.2
All data in million tonnes

 

Market expectations for USDA estimates of US winter wheat sowings, 2024-25
Crop Mean forecast Range of forecasts USDA’s 2023-24 estimate
Hard red 25.113 24.000-27.300 25.695
Soft red 7.077 6.220-8.600 7.360
White 3.595 3.400-3.760 3.644
Total winter wheat 35.786 34.450-39.400 36.699
All data in million acres