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 2024 US corn, soybean production
Crop Mean forecast Range of forecasts Current USDA estimate USDA 2023-24
Corn harvested area  82.638 82.200-82.710 82.710
Corn yield 182.7 181.3-183.7 183.1
Corn production 15,095 14,965-15,193 15,143
Soybean harvested area 86.306 85.800-87.100 86.271
Soybean yield 51.6 51.1-52.6 51.7
Soybean production 4,453 4,408-4,539 4,461
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 2024-25
Crop Mean forecast Range of forecasts USDA’s existing estimate
Corn 1,675 1,540-1,815 1,738
Soybeans 457 390-495 470
All wheat 799 785-825 795
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 12.147 11.912-12.320 12.171
Soybeans 3.231 3.040-3.587 3.001
All wheat 1.565 1.460-1.610 1.421
All data in billion bushels

 

 

Market expectations for USDA estimates of world grain stocks, close of 2024-25
Crop Mean forecast Range of forecasts USDA’s existing estimate
Corn 294.80 290.50-297.07 296.44
Soybeans 132.20 130.00-134.00 131.87
All wheat 257.86 256.00-259.00 258.2
All data in million tonnes

 

Market expectations for USDA estimates of US winter wheat sowings, 2025 harvest
Crop Mean forecast Range of forecasts USDA’s 2023-24 estimate
Hard red 23.733 23.174-2.480 23.787
Soft red 6.141 5.760-6.667 6.062
White 3.496 3.250-3.620 3.541
Total winter wheat 33.366 32.500-34.380 33.390
All data in million acres