The US Department of Agriculture on Friday revealed revised data on the 2022 US wheat harvest, and a quarterly briefing on US grain stocks – data which caused significant price swings.
Below key data in the briefings, and how these numbers differed from market expectations.
| USDA estimates for US wheat production, 2022 | ||||
| Crop | Production estimate | Difference from previous estimate |
Difference from market forecast | Difference from 2021 |
| Hard red winter |
531 | -45 | -42 | -219 |
| Soft red winter |
337 | -44 | -42 | -24 |
| White winter |
236 | -4 | -2 | +69 |
| All winter wheat | 1,104 | -94 | -87 | -174 |
| Durum | 64 | -10 | -10 | +26 |
| Other spring wheat | 482 | -30 | -32 | +151 |
| All wheat | 1,650 | -133 | -128 | +4 |
| All data in million bushels | ||||
| USDA estimates for US grain inventories, as of June 1 | |||
| Crop | Stocks | Difference from year before | Difference from market forecast |
| Corn | 1,377 | +142 | -135 |
| Soybeans | 274 | +17 | +32 |
| All wheat | 1,776 | +2 | in line |
| All data in million bushels | |||
