Articles tagged under: WASDE
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…USDA’s Estimates on Brazil’s Crop Released
Published March 9, 2022
USDA left Brazil’s corn production unchanged from February on the March WASDE report at 114 million tonnes and cut Brazil’s soybean production seven million tonnes to 127 million tonnes. In the March supply and demand report USDA lowered Argentina’s corn…USDA May Stair-Step into Bigger South American Reductions
Published February 10, 2022
The February WASDE report is described as “neutral” or a “wet blanket” for the grain markets. USDA did not lower South American corn and soybean production as much as grain traders forecasted. USDA also did not raise exports as much…S/D Estimates Updated
Published December 10, 2021
USDA left corn ending stocks unchanged at just under 1.5 billion bushels. The trade was expecting increased corn usage, due to ethanol, but that may have to wait until the January report. The soybean carryout was also left unchanged at…