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.

2019/20 Crop Year
JUNE 2020 USDA WASDE ESTIMATES

CORN 2019/20 USDA JUNE 2020 REPORT JUNE 2020 PRE-REPORT ESTIMATES USDA MAY 2020 REPORT
U.S. Ending Stocks (BBU) 2.103 2.150 2.098
Global Ending Stocks (MMT) 312.91 313.3 314.73
Brazil Production (MMT) 101.0 99.4 101.0
Argentina Production (MMT) 50.0 49.83 50.0


SOYBEANS 2019/20  USDA JUNE 2020 REPORT JUNE 2020 PRE-REPORT ESTIMATES USDA MAY 2020 REPORT
U.S. Ending Stocks (BBU) 0.585 0.577 0.580
Global Ending Stocks (MMT) 99.19 101.2 100.27
Brazil Production (MMT) 124.0 122.9 124.0
Argentina Production (MMT) 50.0 50.6 51.0


ALL WHEAT 2019/20  USDA JUNE 2020 REPORT JUNE 2020 PRE-REPORT ESTIMATES USDA MAY 2020 REPORT
U.S.Ending Stock (BBU) 0.983 0.979 0.978
Global Ending Stocks (MMT) 295.84 294.60 295.12

2020/21 Crop Year
JUNE 2020 USDA WASDE ESTIMATES

CORN 2020/21 USDA JUNE 2020 REPORT JUNE 2020 PRE-REPORT ESTIMATES USDA MAY 2020 REPORT
U.S. Ending Stocks (BBU) 3.323 3.360 3.318
Global Ending Stocks (MMT) 337.87 339.80 339.62
Brazil Production (MMT) 107.0 N/A 106.0
Argentina Production (MMT) 50.0 N/A 50.0


SOYBEANS 2020/21 USDA JUNE 2020 REPORT JUNE 2020 PRE-REPORT ESTIMATES USDA MAY 2020 REPORT
U.S. Ending Stocks (BBU) 0.395 0.425 0.405
Global Ending Stocks (MMT) 96.34 98.6 98.39
Brazil Production (MMT) 131.0 N/A 131.0
Argentina Production (MMT) 53.6 N/A 53.5


ALL WHEAT 2020/21 USDA JUNE 2020 REPORT JUNE 2020 PRE-REPORT ESTIMATES USDA MAY 2020 REPORT
U.S. Ending Stocks (BBU) 0.925 0.897 0.909
Global Ending Stocks (MMT) 316.09 307.07 310.12
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