WASDE Estimates

The World Agricultural Supply and Demand Estimates (WASDE) report is prepared monthly and includes forecasts for U.S. and world wheat, rice, and coarse grains (corn, barley, sorghum, and oats), oilseeds (soybeans, rapeseed, palm), and cotton. U.S. coverage is extended to sugar, meat, poultry, eggs, and milk. The full report can be found by visiting http://www.usda.gov/oce/commodity/wasde/ 

The WASDE reports a full balance sheet for each commodity. Separate estimates are made for components of supply (beginning stocks, imports, and production) and demand (domestic use, exports, and ending stocks). The WASDE also reports forecast season-average farm prices for most items. Prices tie together both sides of the balance sheet. Market prices aid in rationing available supplies among competing uses. Prices also indicate potential supply responses, for example potential planting decisions for the upcoming year.

2017/18 Crop Year
MAY 2018 USDA WASDE ESTIMATES

CORN 2016/17 USDA MAY 2018 REPORT MAY 2018 PRE-REPORT ESTIMATES USD AAPRIL 2018
U.S. Ending Stocks (BBU) 2.182 2.178 2.182
Global Ending Stocks (MMT) 194.85 195.20 197.80
Brazil Production (MMT) 87.00 88.86 92.00
Argentina Production (MMT) 33.00 32.27 33.00


SOYBEANS 2016/17  USDA MAY 2018 REPORT MAY 2018 PRE-REPORT ESTIMATES USDA APRIL 2018
U.S. Ending Stocks (BBU) 0.530 0.541 0.550
Global Ending Stocks (MMT) 92.16 89.90 90.80
Brazil Production (MMT) 117.00 116.24 115.00
Argentina Production (MMT) 39.00 38.69 40.00


ALL WHEAT 2016/17  USDA MAY 2018 REPORT MAY 2018 PRE-REPORT ESTIMATES USDA APRIL 2018
U.S.Ending Stock (BBU) 1.070 1.065 1.064
Global Ending Stocks (MMT) 270.46 271.13 271.20

2018/19 Crop Year
MAY 2018 USDA WASDE ESTIMATES

CORN 2017/8 USDA MAY 2018 REPORT MAY 2018 PRE-REPORT ESTIMATES USDA APRIL 2018
U.S. Ending Stocks (BBU) 1.682 1.628 N/A
Global Ending Stocks (MMT) 159.15 186.35 N/A
Brazil Production (MMT) 96.00 N/A N/A
Argentina Production (MMT) 41.00 N/A N/A


SOYBEANS 2017/18 USDA MAY 2018 REPORT MAY 2018 PRE-REPORT ESTIMATES USDA APRIL 2018
U.S. Ending Stocks (BBU) 0.415 0.535 N/A
Global Ending Stocks (MMT) 86.70 90.52 N/A
Brazil Production (MMT) 117.00 N/A N/A
Argentina Production (MMT) 86.70 N/A N/A


ALL WHEAT 2017/18 USDA MAY 2018 REPORT MAY 2018 PRE-REPORT ESTIMATES USDA APRIL 2018
U.S. Ending Stocks (BBU) 0.955 0.930 N/A
Global Ending Stocks (MMT) 264.33 269.18 N/A
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