The U.S. Department of Agriculture’s (USDA) monthly World Agricultural Supply and Demand Estimates (WASDE) report helps to provide a common, timely, and unbiased understanding of current agricultural conditions with a globally comprehensive look at key agricultural markets.
Mac Marshall, VP of Market Intelligence for USB and USSEC, provides his insight on the monthly WASDE report as well as other timely market reports in the following resources.
Latest WASDE Recap
Here are some of the highlights from the February 9 WASDE Recap presentation:
- U.S. exports revised up by 20 million bushels to 2.250 billion bushels (61.2 million metric tons [MMT]) – highest estimate since November 2017.
- Soy ending stocks revised down by 20 million bushels to 120 million bushels (3.3 MMT) – approximately. 10 days’ use.
- Soybean meal price is up by $10/short ton to $400/short ton.
Interested in reviewing past WASDE recaps? See our WASDE Archives page for the previous months’ presentations.
Additional Market Intelligence Resources
Watch the following video for Marshall’s insights on the past and future of U.S. soybeans during the November National Association of Farm Broadcasting Trade Talk. During the event, Marshall shared insights about market factors that impacted soybean prices in early 2020 and how prices look now as harvest wraps up. Marshall also highlighted how global commitments from China and other countries worldwide helped drive robust demand for U.S. soy.
Check out the August 13 Lunch Break Webinar: Breakdown of the USDA-NASS August Crop Production Report for more market insights.