USDA Released the World Agriculture Supply and Demand Estimates Report (WASDE) today and the market has reacted by pushing futures prices lower.To see the latest market prices and charts click
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Latest Update And Summary
USDA has raised its U.S. corn and soybean production projections. If realized, we’ll see record crops for both this year.
Corn is now seen at 14.395 billion bushels, up 3% from both the August guess and the 2013 total. The average yield is pegged at 171.7 bushels per acre, nearly 13 more than a year ago. Harvested area is estimated at 83.8 million acres, unchanged from August and down 4% on the year.
Soybeans are pegged at 3.913 billion bushels, a 3% rise from last month and a 19% jump from last year. The average yield is seen at 46.6 bushels per acre, which would be up more than 3 from 2013. Harvested area is expected to be 84.1 million acres, up 11% from a year ago, which would also be a new record.
| Full Coverage OF USDA WASDE Report |
World Agricultural Supply and Demand Estimates Corn
WASDE: Corn Production for Current Year Forecast 363 Million Bushels Higher
Wheat
WASDE: Projected U.S. Wheat Supplies for Are Raised 10 Million Bushels
Soybean
WASDE: U.S. Soybean Production Projected Up 97 Million Due To Higher Yield Forecast
Cotton
WASDE: U.S. Cotton Beginning Stocks, Production, and Exports Result in Lower Ending
Livestock, Poultry, And Dairy
WASDE: Pork Production For Current Year Is Higher While Beef Production Is Down
USDA: Export Sales Report Release Click here
USDA: Crop Production Report Click here
| World Agricultural Weather Highlights |
Latest Report (PDF) Click here
Understanding USDA Crop Forecasts Click here
Commodity Specialists Click here