The US Department of Agriculture on Wednesday published quarterly data on domestic crop inventories, and an annual report on US sowings, which will show farmers’ planting intentions.
Below key statistics, and how they compared with forecasts as revealed by a Reuters poll, and as the USDA revealed at its Outlook Forum last month.
|USDA forecasts for US 2021 crop sowings, and comparisons
|Forecast||Difference from market forecast||Change on year||Difference from Outlook Forum figure
|includes: winter wheat||33.078||+1.267||+2.663||+1.087*|
|Other spring wheat||11.740||+0.096||-0.510||n/a|
|All figures in million acres. *= compared with USDA’s January 12 report
|USDA estimates for US March 1 grain stocks, and comparisons|
||Difference from market forecast
||Change from December 1
||Change on year
|All figures in million bushels