Markets Extra

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

Markets Extra01 Apr 2021by Markets Extra

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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