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Data in USDA sowings, stocks reports and comparison with market forecasts

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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
Corn 91.144 -2.064 +0.325 -0.9
Soybeans 87.600 -2.396 +4.516 -1.4
All wheat 46.358 +1.387 +2.009 +1.4
includes: winter wheat 33.078 +1.267 +2.663 +1.087*
Other spring wheat 11.740 +0.096 -0.510 n/a
Durum wheat 1.540 -0.101 -0.144 n/a
Cotton 12.036 +0.131 -0.057 in line
Sorghum 6.940 +0.135 +1.06

-0.3

Barley
2.590 -0.138 -0.031 n/a
Oats 2.488 -0.386 -0.496 n/a
Rice
2.710 -0.023 -0.326 in line
All figures in million acres. *= compared with USDA’s January 12 report

 

 

USDA estimates for US March 1 grain stocks, and comparisons
USDA figure
Difference from market forecast
Change from December 1
Change on year
Corn 7,701 -66 -3,621 -251
Soybeans 1,564 +21 -1,390 -682
Wheat 1,314 +42 -360 -101
All figures in million bushels

 

 

 

 

 

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