Articles tagged under: WASDE

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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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