WASDE Pre Report Analyst Estimates [Feb. 10, 2014]

Feb 10, 2014

The second World Agricultural Supply and Demand Estimates Report, or WASDE, report of 2014 comes out today. WASDE reports serve as a commodity outlook for United States and world agriculture.

Moe Agostino, Managing Commodity Strategist for Farms.com had this to say ahead of today’s report.

“Nearby corn futures are up +$0.38/bushel after hitting a low on January 10th 2014. Soybeans +$0.599/bushel and Chicago Wheat +$0.084/bushel ahead of 2014 February WASDE report. The trade is expecting that the USDA will increase the export pace for corn, soybeans and wheat and therefore 13/14 ending stocks will be reduced slightly vs. last month, 11 million bushels lower for corn, 7 million bushels lower for soybeans and 5 million bushels lower for wheat.”

Please see chart below for all the pre-report estimates:

CORN	February 2014 Average Pre-Report Analyst Estimate	February 2014 Pre Report Analyst Range	January 2014 USDA Estimate	2012/13
Ending Stocks (In bbu)	1.619	1.574 - 1.748	1.631	0.824
Ending Stocks (In bbu)	1.619	1.574 - 1.748	1.631	0.824
Global Carryout (in mmt)	159.6	156.27 - 163.20	160.23	134.86
Argentine Corn (in mmt)	23.82	19.8 - 25.0	25	26.5
Brazilian Corn (in mmt)	69.99	66.1 - 74.0	70	81

If you’re interested in Farms.com’s risk management services, Agostino is offering growers an eight-week FREE trail on grain and marketing. Click here to sign up.

Agostino will host a webinar on today’s WASDE report. Here’s the breakdown of what he will cover:

11:45am - Agostino will briefly go over the pre WASDE expectations and answer some questions until the report is released.

12:00pm - The WASDE report is released, Agostino will give his analysis of what the numbers mean and how they will affect the market in the days to come.

12:15pm - Agostino will present a PowerPoint going over the change in trend of five commodities (corn, soybeans, wheat, oats and the Canadian dollar) and his outlook for the coming month.

12:25pm - Agostino will open the floor to any questions

12:30pm - Webinar Ends

Video: Winter Service Inspections for John Deere Equipment - The FarmCast Ep64

The FarmCast, host Troy Randall speaks with Doug Luedke, Vice President of Service, and Davin Peterson, Executive Vice President of Aftermarket at 21st Century Equipment, to discuss the importance of proactive service and how it helps farmers reduce downtime during their busiest seasons. The conversation focuses on the Winter Service Inspection Program, a comprehensive approach designed to keep equipment running at peak performance and limit costly in-season breakdowns through preventative maintenance and expert technician support.

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Throughout the discussion, the team shares real-world success stories demonstrating how proactive inspections and customer-focused service help maximize uptime and efficiency for every operation. Whether it’s a large tractor, combine, or small mower, the goal remains the same: to provide trusted, reliable support that helps farmers and landowners stay productive and confident in their equipment year-round.