The US Department of Agriculture will on Thursday 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.

The USDA on March 31 unveiled a report on farmers’ spring planting intentions.

Estimates for USDA data on US crop sowings, 2022
Crop Mean forecast Range of forecasts USDA March 31 estimate USDA estimate for last year
Barley 2.774 2.500-2.940 2.941 2.66
Corn 89.861 88.400-91.000 89.49 93.357
Cotton 12.194 11.900-12.710 12.234 11.22
Oats 2.586 2.500-2.800 2.547 2.55
Rice 2.454 2.250-2.600 2.452 2.532
Soybeans 90.446 88.735-92.375 90.955 87.195
Sorghum 6.477 6.300-6.800 6.205 7.305
All wheat 47.017 46.240-48.000 47.351 46.703
Of which winter wheat 34.303 34.200-35.000 34.236 33.648
Durum 1.839 1.700-2.000 1.915 1.635
Other spring 10.844 10.400-11.500 11.2 11.42
All data in million acres

 

 

Estimates for USDA data on US grain inventories, as of March 1
Crop Mean forecast Range of forecasts Stocks as of March 1 2022 Stocks as of June 1 2021
Corn 4.343 4.095-4.474 7.85 4.111
Soybeans 0.965 0.740-1.100 1.931 0.769
All wheat 0.655 0.635-0.675 1.025 0.845
Area data in billion bushels