USDA releases August 2015 WASDE report

Aug 13, 2015

Focus on corn, soybean and wheat

The United States Department of Agriculture released its World Agricultural Supply and Demand Estimates (WASDE) report for August 2015 to give farmers, ranchers and processors a better understanding of the current crop production and future crop outlooks.

The WASDE report touches on many different commodities including corn, which saw an increase from July’s numbers, soybean which saw an increase in bushels and wheat, that saw its numbers decline compared to July.

	Corn	Soybean	Wheat (All Wheat)
Bushels (per acre)	Pre-report estimate: 164.5 WASDE report: 168.8	Pre-report estimate: 44.7 WASDE report: 46.9
Global Ending Stocks (MMT)	Pre-report estimate: 187.9 WASDE report: 195.1	Pre-report estimate: 89.9 WASDE report: 86.9	Pre-report estimate: 857 WASDE report: 850
Production	Pre-report estimate: 13.3 billion bushels WASDE report: 13.7 billion bushels	Pre-report estimate: 3.72 billion bushels WASDE report: 3.92 billion bushels	Pre-report estimate: 2.15 billion bushels WASDE report: 2.136 billion bushels
Harvested Acres	Pre-report estimate: 81.0 million acres WASDE report: 81.1 million acres	Pre-report estimate: 83.6 million acres WASDE report: 83.5 million acres
Pricing	Average corn price is exptected to be between $3.35 and $3.95 per bushel	Average soybean price is expected to be between $8.40 and $9.90 per bushel	Average wheat price is expected to be between $4.65 and $5.55 per bushel

The USDA is expected to release the next WASDE report on Friday, September 11th, 2015.

Join the conversation and tell us your thoughts about the current WASDE report. Will you change any of your operations going forward?

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What Is Remote Sensing In Precision Agriculture? In this informative video, we will dive into the fascinating world of remote sensing and its role in precision agriculture. Remote sensing technology allows farmers to gather critical information about their fields without the need for physical presence. By utilizing satellites, drones, and aircraft equipped with advanced sensors, farmers can monitor various aspects of their crops, from temperature and moisture levels to overall plant health.

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