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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.

2021/22 Crop Year
DECEMBER 2022 USDA WASDE ESTIMATES

CORN 2021/22 USDA DEC 2022 REPORT DEC 2022 PRE-REPORT ESTIMATES USDA NOV 2022 REPORT
U.S. Ending Stocks (BBU) 1.377 N/A 1.377
Global Ending Stocks (MMT) 307.09 N/A 307.68
Brazil Production (MMT) 116.0 N/A 116.0
Argentina Production (MMT) 51.5 N/A 51.5


SOYBEANS 2021/22  USDA DEC 2022 REPORT DEC 2022 PRE-REPORT ESTIMATES USDA NOV 2022 REPORT
U.S. Ending Stocks (BBU) 0.274 N/A 0.274
Global Ending Stocks (MMT) 95.59 N/A 94.67
Brazil Production (MMT) 127.0 N/A 127.0
Argentina Production (MMT) 43.9 N/A 43.9


ALL WHEAT 2021/22  USDA DEC 2022 REPORT DEC 2022 PRE-REPORT ESTIMATES USDA NOV 2022 REPORT
U.S. Ending Stock (BBU) 0.669 N/A 0.669
Global Ending Stocks (MMT) 276.27 N/A 276.31

2022/23 Crop Year
DECEMBER 2022 USDA WASDE ESTIMATES

CORN 2022/23 USDA DEC 2022 REPORT DEC 2022 PRE-REPORT ESTIMATES USDA NOV 2022 REPORT
U.S. Ending Stocks (BBU) 1.257 1.238 1.182
Global Ending Stocks (MMT) 298.4 301.0 300.76
Brazil Production (MMT) 126.0 126.3 126.0
Argentina Production (MMT) 55.0 53.8 55.0


SOYBEANS 2022/23 USDA DEC 2022 REPORT DEC 2022 PRE-REPORT ESTIMATES USDA NOV 2022 REPORT
U.S. Ending Stocks (BBU) 0.220 0.233 0.220
Global Ending Stocks (MMT) 102.71 102.3 102.17
Brazil Production (MMT) 152.0 152.5 152.0
Argentina Production (MMT) 49.5 48.8 49.5


ALL WHEAT 2022/23 USDA DEC 2022 REPORT DEC 2022 PRE-REPORT ESTIMATES USDA NOV 2022 REPORT
U.S. Ending Stocks (BBU) 0.571 0.580 0.571
Global Ending Stocks (MMT) 267.33 268.0 267.82
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