Comparative tables of USDA data and market expectations July 1, 2020
US plantings of major crops for 2020 harvest (million acres):
USDA June 2020 | Average of analysts' estimates | Range of analysts' estimates | USDA March 2020 | USDA 2019 seedings | |
Corn | 92.006 | 95.207 | 93.000-97.100 | 96.990 | 89.700 |
Soybeans | 83.825 | 84.716 | 83.500-85.600 | 83.510 | 76.100 |
All wheat | 44.250 | 44.718 | 44.200-45.100 | 44.655 | 45.158 |
Winter wheat | 30.550 | 30.849 | 30.400-31.600 | 30.775 | 31.159 |
Other spring | 12.200 | 12.551 | 12.150-12.810 | 12.590 | 12.660 |
Durum | 1.500 | 1.313 | 1.200-1.440 | 1.290 | 1.339 |
All cotton | 12.185 | 13.153 | 12.500-13.750 | 13.703 | 13.736 |
Sorghum | 5.620 | 5.881 | 5.600-6.150 | 5.820 | 5.265 |
Barley | 2.797 | 2.835 | 2.500-3.000 | 2.921 | 2.721 |
Oats | 3.134 | 2.954 | 2.700-3.300 | 3.012 | 2.810 |
Rice | 2.921 | 2.828 | 2.600-3.000 | 2.847 | 2.540 |
US Grain Stocks as of June 1, 2020 (million bushels)
USDA June 1, 2020 | Average | Range of expectations | USDA March 1, 2020 | USDA June 1, 2019 | |
Wheat | 1.044 | 0.980 | 0.925-0.996 | 1.415 | 1.080 |
Corn | 5.224 | 4.951 | 4.795-5.150 | 7.951 | 5.202 |
Soybeans | 1.386 | 1.392 | 1.275-1.490 | 2.255 | 1.783 |
