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Home / WASDE Report Analysis

WASDE Report Analysis

Use our custom WASDE tool to analyze the most recent report.

THE VIEWS AND OPINIONS EXPRESSED IN THIS REPORT ARE SOLELY THOSE OF THE USDA. THESE VIEWS AND OPINIONS DO NOT NECESSARILY REPRESENT THOSE OF DANIELS TRADING, ITS STAFF OR ANY CONTRIBUTORS. THE ACCURACY AND VALIDITY OF THE VIEWS AND OPINIONS STATED IN THIS PIECE HAVE NOT BEEN VERIFIED.

WASDE - 623 - 12 | U.S. Corn Supply and Use 1/ (April 2022)
Metric 2019/20
2020/21 Est.
2021/22 Proj.
March
2021/22 Proj.
April
Change**
Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data-products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing-year weighted average price received by farmers.
Million Acres
Area Planted 89.7 90.7 93.4 93.4 0
Area Harvested 81.3 82.3 85.4 85.4 0
Metric Tons
Yield per Harvested Acre 167.5 171.4 177.0 177.0 0
Million Metric Tons
Beginning Stocks 2,221 1,919 1,235 1,235 0
Production 13,620 14,111 15,115 15,115 0
Imports 42 24 25 25 0
Supply, Total 15,883 16,055 16,375 16,375 0
Feed and Residual 5,900 5,598 5,650 5,625 -25
Food, Seed & Industrial 2/ 6,286 6,470 6,785 6,810 25
Ethanol & by-products 3/ 4,857 5,033 5,350 5,375 25
Domestic, Total 12,186 12,068 12,435 12,435 0
Exports 1,777 2,753 2,500 2,500 0
Use, Total 13,963 14,821 14,935 14,935 0
Ending Stocks 1,919 1,235 1,440 1,440 0
Stocks to Use *** 13.74 8.33 9.64 9.64 0
Avg. Farm Price ($/bu) 4/ 3.56 4.53 5.65 5.80 0.1
WASDE - 623 - 15 | U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ (April 2022)
Metric 2019/20
2020/21 Est.
2021/22 Proj.
Mar
2021/22 Proj.
Apr
Change**
Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,134 million bushels for 2020/21 and 2,215 million bushels for 2021/22.
Million Acres
Area Planted 76.1 83.4 87.2 87.2 0
Area Harvested 74.9 82.6 86.3 86.3 0
Bushels
Yield per Harvested Acre 47.4 51.0 51.4 51.4 0
Million Bushels
Beginning Stocks 909 525 257 257 0
Production 3,552 4,216 4,435 4,435 0
Imports 15 20 15 15 0
Supply, Total 4,476 4,761 4,707 4,707 0
Crushings 2,165 2,141 2,215 2,215 0
Exports 1,679 2,261 2,090 2,115 25
Seed 97 101 102 106 4
Residual 11 1 15 12 -3
Use, Total 3,952 4,504 4,422 4,447 25
Ending Stocks 525 257 285 260 -25
Stocks to Use *** 13.28 5.71 6.45 5.85 -0.6
Avg. Farm Price ($/bu) 2/ 8.57 10.80 13.25 13.25 0
WASDE - 623 - 11 | U.S. Wheat Supply and Use 1/ (April 2022)
Metric 2019/20
2020/21 Est.
2021/22 Proj.
Mar
2021/22 Proj.
Apr
Change**
Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports.
Million Acres
Area Planted 45.5 44.5 46.7 46.7 0
Area Harvested 37.4 36.8 37.2 37.2 0
Bushels
Yield per Harvested Acre 51.7 49.7 44.3 44.3 0
Million Bushels
Beginning Stocks 1,080 1,028 845 845 0
Production 1,932 1,828 1,646 1,646 0
Imports 104 100 95 95 0
Supply, Total 3,116 2,957 2,586 2,586 0
Food 962 961 959 959 0
Seed 62 64 64 64 0
Feed and Residual 95 95 110 100 -10
Domestic, Total 1,118 1,120 1,133 1,123 -10
Exports 969 992 800 785 -15
Use, Total 2,087 2,111 1,933 1,908 -25
Ending Stocks 1,028 845 653 678 25
Stocks to Use *** 49.26 40.03 33.78 35.53 1.75
Avg. Farm Price ($/bu) 2/ 4.58 5.05 7.50 7.60 0.1
World Ending Stocks ( 2020/21 Est. )
Crop USDA Apr USDA Mar Change**
Corn 292.15 291.45 0.7
Soybeans 103.11 101.74 1.37
Wheat 290.67 290.27 0.4
World Ending Stocks ( 2021/22 Proj. )
Crop USDA Apr USDA Mar Change**
Corn 305.46 300.97 4.49
Soybeans 89.58 89.96 -0.38
Wheat 278.42 281.51 -3.09
South American Production ( 2021/22 Proj. )
Country Crop Production
Argentina Corn 242.43
Soybeans 174.72
Brazil Corn 53.00
Soybeans 43.50

All information is sourced from The United States Department of Agriculture’s USDA.gov website.

** The "Change" column is calculated by subtracting the previous month’s projections from the current month’s projections.

*** The "Stocks to Use" row is calculated by dividing "Ending Stocks" by "Use, Total".

Want help understanding the WASDE report numbers?

Get Daniels Trading’s “Futures Traders’ Guide to the WASDE”. This comprehensive guide will help you understand the USDA World Agriculture Supply & Demand Estimates For Corn, Soybeans and Wheat reports.

Futures Traders Guide to the WASDE

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