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 estimate | USDA estimate for last year |
| Barley | 2.370 | 2.300-2.400 | 2.318 | 2.555 |
| Corn | 90.353 | 89.000-91.300 | 90.036 | 94.641 |
| Cotton | 10.829 | 10.500-11.200 | 10.673 | 10.230 |
| Oats | 2.627 | 2.540-2.800 | 2.566 | 3.101 |
| Rice | 2.941 | 2.850-3.100 | 2.932 | 2.89 |
| Soybeans | 86.753 | 85.500-87.500 | 86.510 | 83.600 |
| Sorghum | 6.554 | 6.400-6.900 | 6.395 | 7.195 |
| All wheat | 47.657 | 47.100-49.000 | 47.498 | 49.575 |
| Of which winter wheat | 34.197 | 34.000-35.281 | 34.135 | 36.699 |
| Durum | 1.998 | 1.900-2.100 | 2.028 | 1.676 |
| Other spring | 11.340 | 10.180-11.700 | 11.335 | 11.200 |
| 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 June 1 2023 |
| Corn | 4.873 | 4.675-5.013 | 4.103 |
| Soybeans | 0.962 | 0.861-1.015 | 0.796 |
| All wheat | 0.684 | 0.644-0.705 | 0.570 |
| Area data in billion bushels |
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