The US Department of Agriculture on Friday revealed data on US farmers’ crop sowings areas, and a quarterly briefing on US grain stocks.
Below key data in the briefings, and how these numbers differed from market expectations.
| USDA estimates for US crop sowings, 2023 | ||||
| Crop | Area estimate | Difference from March 31 estimate | Difference from market forecast | Difference from 2022 |
| Barley | 3,359 | +437 | +454 | +414 |
| Corn | 94,096 | +2,100 | +2,243 | +5,517 |
| Cotton | 11,087 | -169 | -32 | -2,674 |
| Oats | 2,508 | -159 | -95 | -73 |
| Rice | 2,687 | +104 | +148 | +465 |
| Sorghum | 6,805 | +830 | +585 | +480 |
| Soybeans | 83,505 | -4,000 | -4,168 | -3,945 |
| All wheat | 49,628 | -227 | -28 | +3,890 |
| Of which winter wheat | 37,005 | -500 | -307 | +3,734 |
| Durum | 1,483 | -297 | -291 | -149 |
| Other spring | 11,140 | +570 | +632 | +305 |
| All data in thousand acres | ||||
| USDA estimates for US grain inventories, as of June 1 | |||
| Crop | Stocks | Difference from year before | Difference from market forecast |
| Corn | 4,106 | -243 | -149 |
| Soybeans | 796 | -172 | -16 |
| All wheat | 580 | -198 | -31 |
| All data in million bushels | |||
