April WASDE Recap

Apr 17, 2026

By Scott A. Mickey

The April Edition of the World Agricultural Supply and Demand Estimates (WASDE) from USDA looked much like the March edition. The 2025/26 US ending stocks for corn, soybean, and cotton were unchanged from the March 2026 report. U.S. wheat ending stocks were slightly higher than the previous month. Globally, corn, wheat, and cotton ending stocks increased for the 2025/26 marketing year while soybean stocks decreased slightly. While U.S. supply and demand appear stable, the market reaction is not.

USDA increased the season average price projections for corn, soybeans, wheat, and cotton as shown in Table 1.

Table 1. U.S. Marketing-year weighted average price received by farmers

crops

The price increase is helpful for U.S. producers with unpriced production. However, the increase in the marketing year average (MYA) price will reduce the USDA’s 2025 Price Loss Coverage (PLC) payments for these crops, as shown in Table 2.

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Video: Winter Canola Trial in Mississippi | Can It Work for Double Cropping? | Pioneer Agronomy

Can winter canola open new opportunities for growers in the Mid-South? In this agronomy update from Noxubee County, Mississippi, Pioneer agronomist Gus Eifling shares an early look at a first-year winter canola trial and what farmers are learning from the field.

Planted in late October on 30-inch rows, the crop is now entering the bloom stage and progressing quickly. In this video, we walk through current field conditions, fertility management, and how timing could make this crop a valuable option for double-cropping soybeans or cotton.

If harvest timing lines up with early May, growers may be able to transition directly into another crop during ideal planting windows. Ongoing field trials will help determine whether canola could become a viable rotational option for the region.

Watch for:

How winter canola is performing in its first season in this Mississippi field

Why growers chose 30-inch rows for this trial

What the crop looks like as it moves from bolting into bloom

Fertility strategy, including nitrogen and sulfur applications

How canola harvest timing could enable double-cropping with soybeans or cotton

Upcoming trials comparing soybeans after canola vs. traditional planting

As more growers look for ways to maximize acres and diversify rotations, experiments like this help determine what new crops might fit into existing systems.