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.

2018/19 Crop Year
OCTOBER 2019 USDA WASDE ESTIMATES

CORN 2018/19 USDA OCT 2019 REPORT OCT 2019 PRE-REPORT ESTIMATES USDA SEPT 2019 REPORT
U.S. Ending Stocks (BBU) 2.114 N/A 2.445
Global Ending Stocks (MMT) 324.03 N/A 329.55
Brazil Production (MMT) 101 N/A 101
Argentina Production (MMT) 51 N/A 51


SOYBEANS 2018/19  USDA OCT 2019 REPORT OCT 2019 PRE-REPORT ESTIMATES USDA SEPT 2019 REPORT
U.S. Ending Stocks (BBU) 0.913 N/A 1.005
Global Ending Stocks (MMT) 109.87 N/A 112.41
Brazil Production (MMT) 117 N/A 117
Argentina Production (MMT) 55.3 N/A 55.3


ALL WHEAT 2018/19  USDA OCT 2019 REPORT OCT 2019 PRE-REPORT ESTIMATES USDA SEPT 2019 REPORT
U.S.Ending Stock (BBU) 1.080 N/A 1.072
Global Ending Stocks (MMT) 277.68 N/A 277.24

2019/20 Crop Year
OCTOBER 2019 USDA WASDE ESTIMATES

CORN 2018/19 USDA OCT 2019 REPORT OCT 2019 PRE-REPORT ESTIMATES USDA SEPT 2019 REPORT
U.S. Ending Stocks (BBU) 1.929 1.785 2.190
Global Ending Stocks (MMT) 302.55 298.3 306.27
Brazil Production (MMT) 101 N/A 101
Argentina Production (MMT) 50 N/A 50


SOYBEANS 2018/19 USDA OCT 2019 REPORT OCT 2019 PRE-REPORT ESTIMATES USDA SEPT 2019 REPORT
U.S. Ending Stocks (BBU) 0.46 0.52 0.64
Global Ending Stocks (MMT) 95.21 96.50 99.19
Brazil Production (MMT) 123 N/A 123
Argentina Production (MMT) 53 N/A 53


ALL WHEAT 2018/19 USDA OCT 2019 REPORT OCT 2019 PRE-REPORT ESTIMATES USDA SEPT 2019 REPORT
U.S. Ending Stocks (BBU) 1.043 1.015 1.014
Global Ending Stocks (MMT) 287.8 285.2 286.5
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