The US Department of Agriculture on Friday published the August edition of its monthly Wasde report.
Below key data in the briefing, and how they difference from the expectations of investors, as polled by Reuters.
| USDA forecasts for 2022 US corn, soybean production |
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| Crop | USDA forecast |
Difference from June |
Difference from market expectation |
| Corn harvested acres | 81.840 | -0.100 | -0.003 |
| Corn yield | 175.4 | -1.6 | -0.5 |
| Corn production | 14,359 | -156 | -33 |
| Soybean harvested acres | 87.211 | -0.300 | -0.513 |
| Soybean yield | 51.9 | +0.4 | +0.8 |
| Soybean production | 4,531 | +26 | +50 |
| Area data in million acres. Yield data in bushels per acre. Production data in billion bushels | |||
| USDA forecasts for US grain stocks, close of 2022-23 |
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| Crop | USDA forecast |
Difference from last month’s estimate |
Difference from market expectation |
| Corn | 1,388 | -82 | -14 |
| Soybeans | 245 | +15 | +15 |
| All wheat | 610 | -29 | -40 |
| Data in million bushels | |||
| USDA forecasts for US grain stocks, close of 2021-22 |
|||
| Crop | USDA forecast |
Difference from last month’s estimate |
Difference from market expectation |
| Corn | 1,530 | +20 | +18 |
| Soybeans | 225 | +10 | -1 |
| Data in million bushels | |||
| USDA forecasts for world grain stocks, close of 2022-23 |
|||
| Crop | USDA forecast |
Difference from June |
Difference from market expectation |
| Corn | 306.68 | -6.28 | -3.14 |
| Soybeans | 101.41 | +1.80 | +1.94 |
| All wheat | 267.34 | -0.18 | -0.66 |
| Data in million tonnes | |||
| USDA forecasts for world grain stocks, close of 2021-22 |
|||
| Crop | USDA forecast |
Difference from last month’s estimate |
Difference from market expectation |
| Corn | 311.84 | -0.44 | -0.56 |
| Soybeans | 89.73 | +1.00 | +0.78 |
| All wheat | 276.35 | -3.85 | -3.63 |
| Data in million tonnes | |||
