Full Coverage USDA WASDE & Crop Reports

Oct 09, 2015

Highlights Report

World Agricultural Supply and Demand Estimates Report (WASDE)
The World Agricultural Outlook Board (WAOB) serves as USDA’s focal point for economic intelligence and the commodity outlook for U.S. and world agriculture. The Board coordinates, reviews, and approves the monthly World Agricultural Supply and Demand Estimates (WASDE) report, houses OCE's Joint Agricultural Weather Facility, and coordinates USDA's Agricultural Outlook Forum.

The USDA has lowered its 2015 U.S. corn and soybean production estimates. The numbers were pretty close to pre-report expectations.

As of October 1st, U.S. corn production is projected at 13.555 billion bushels, less than 1% lower than the September guess. That’s with a slight increase in average yield, up to 168 bushels per acre, and a reduction in the harvested acreage guess to 80.664 million acres. If realized, that would be the second highest average yield and third largest production total on record. In 2014, U.S. corn production was 14.216 billion bushels with an average yield of 171 bushels per acre and harvested area of 83.136 million acres.

Soybeans are seen at 3.888 billion bushels, down 1% on the month, with a slight increase in average yield to 47.2 bushels per acre and a modest reduction in harvested area to 82.429 million acres. In 2014, U.S. soybean production was 3.927 billion bushels with an average yield of 47.5 bushels per acre and harvested area of 82.591 million acres.

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World Agricultural Supply and Demand Estimates
Oct 9, 2015 WASDE - 546

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

Markets Quotes & Charts: /markets

Full Coverage OF USDA WASDE Report

World Agricultural Supply and Demand Estimates

Corn
WASDE: Corn Production is Forecast 30 million Bushels Lower

Wheat
WASDE: Global Wheat Supplies For Current Year Are Raised 2.0 million Tons

Soybean
WASDE: U.S. Soybean Production Projected at 115.3 Million Tons, 0.8 million Down From Last Month

Cotton
WASDE: Cotton Forecasts Show Higher Beginning Stocks For Current Year

Livestock, Poultry, And Dairy
WASDE: The Forecasts For Total Meat Production In 2015 And 2016 Are Increased From Last Month

Related Reports

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

Source: USDA Wasde

Video: How sustainable is Canadian agriculture at producing cereals, pulses & oilseeds?

Canadians have continued to move further and further away from food production. We can see this in our expanding urban centers and less individuals growing the food we consume. This has led to more discussions about consuming food that is more sustainable. Not only sustainable environmentally, but also economically and socially. The Global Institute for Food Security (GIFS) at the University of Saskatchewan, was tasked in 2022 with understanding agriculture’s contributions to improved sustainable outcomes. As a part of this, GIFS has examined the carbon footprint of agricultural production in Saskatchewan and Canada and compared that to other producers across the globe. Dr. Steven Webb, who is the CEO of the Global Institute for Food Security in Saskatoon SK walks through how we’re doing growing cereals, pulses and oilseeds based on the latest research.