Articles tagged under: WASDE
WASDE Report Draws Minimal Reaction
Published March 8, 2024
Not much changed in this month’s USDA WASDE report. Summit Commodity Brokerage partner Tomm Pfitzenmaier points to the South America crop projections as one of the few notes of interest. "The most interesting thing about the report probably was the…May WASDE Report
Published May 14, 2023
USDA expects lower wheat supplies, higher ending stocks of corn and higher soybean ending stocks. For 2023/2024 all wheat ending stocks are expected to be down 11 percent from last year at 556 million bushels. Corn ending stocks are up…Markets Poised for Strong 2023
Published January 14, 2023
Since 2020, grain prices have been advancing on a combination of crop losses and demand growth. "As we look at elevated prices, I don't think we're going to see them coming down anytime soon," said Kevin McNew, chief economist, Farmers…More Soybeans
Published November 9, 2022
USDA increased soybean production by 33 million bushels to 4.35 billion bushels. The supply/demand report estimated the average yield at 50.2 bushels per acre. Soybean ending stocks were raised 20 million bushels to 220 million bushels. The season-average farm gate…Trade Moves Past USDA Report
Published May 13, 2022
Total Farm Marketing Senior Market Advisor Naomi Blohm says Thursday's supply/demand report was supportive "but nothing was over-the-top bullish to get prices through short-term resistance levels. Neither was anything over-the-top bearish to get us to crash and burn." Blohm says…USDA Lowers Global Corn and Wheat Ending Stocks
Published May 13, 2022
The USDA lowered 2022 and 2023 world corn ending stocks by 1.4 percent from one year ago to 305 million metric tons reflecting reductions for Ukraine, the U.S., European Union and China. Global soybean production is estimated at 647 million…USDA Updates U.S. New Crop Production Estimates
Published May 13, 2022
In the May WASDE report, USDA lowered new crop corn production more than trade estimates on a four bushel per acre yield decline from the March Planting Intentions report. Corn production is forecast at 14.5 billion bushels on a yield…WASDE Recap
Published March 10, 2022
USDA lowered domestic corn and soybean ending stocks and raises wheat ending stocks in Wednesday’s March supply and demand report. Corn stocks are estimated at 1.44 billion bushels, soybean supplies at 285 million bushels and wheat ending stocks are pegged…Global Trade is Down
Published March 9, 2022
USDA acknowledged the Russia/Ukraine war by reducing Ukrainian exports by four million tons in Wednesday's report. "It's down from 24 to 20 million tons," said Brian Basting, Advance Trading. "And they actually did reduce Russia's exports for this crop year…