The April WASDE is sometimes viewed as a way station between the end-of-March planting intentions and quarterly stocks reports and the May WASDE, which includes USDA projections of potential U.S. and world production along with supply/demand balances for the upcoming crop cycle. This is not to say that the April WASDE is not interesting; the updated production estimates for Argentina and Brazil will particularly grab a great deal of attention today. Following are the key numbers from this report:
On balance, this month’s WASDE is about as unsurprising as it could be. USDA lowered Argentine soybean and corn production due to the drought and by amounts close to expectations. Brazilian soybean production was raised and its corn produc...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
