USDA Releases October WASDE

Oct 13, 2021

The USDA released its October WASDE (World Agricultural Supply and Demand Estimates) report Tuesday morning.

Jon Driedger is Vice-President of LeftField Commodity Research.

"USDA increased production in particular for corn and especially for soybeans and then also included some larger stocks from the September 30th report and so within that, basically increased supply of those crops and in particular the soybeans, is what they showed today...More soybeans out there than the market was anticipating and then also a little bit so for corn as well."

He notes the USDA reduced the U.S. wheat carry-out projections for this coming year, in line with expectations. Driedger adds we continue to see both U.S. and global wheat stocks tighten on these reports.

Driedger says harvest in the U.S. is moving along at an average pace.

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Video: Fendt Testimonial | Fendt 726 Vario Gen7 | Peter Watson Jones Ltd.

What happens when a farm buys its first Fendt? For Peter Watson Jones Ltd, the Fendt 726 Vario Gen7 has exceeded expectations from day one. For Jack, Farm Manager at Peter Watson Jones Ltd in North Shropshire, UK, the Fendt 726 Vario Gen7 wasn't just another tractor purchase. It was the farm's first experience with the Fendt brand.

Operating across a 1,200-acre arable farm alongside a 250,000-head broiler enterprise, the business has evolved significantly over the last decade, moving to a straight arable system with fewer staff and machines. Since arriving on the farm, the Fendt 726 Vario has established itself as the main drilling and cultivations tractor, earning its place through performance, versatility and efficiency. Whether it's handling large-scale cultivations or working with a new 4.5m strip-till drill, the tractor continues to impress.

Jack highlights its excellent manoeuvrability, operator comfort and ability to deliver strong pulling power at low engine speeds. The result? Outstanding fuel efficiency without compromising performance. Reliability has also been a key factor, with dependable backup from the team at TR Machinery helping to keep the tractor working when it matters most.

?? Watch as Jack shares why the Fendt 726 Vario Gen7, the farm's first Fendt, has made such a strong impression and become an integral part of their operation.