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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 - 607 - 12 | U.S. Corn Supply and Use 1/ (December 2020)
Metric 2018/19
2019/20 Est.
2020/21 Proj.
November
2020/21 Proj.
December
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 88.9 89.7 91.0 91.0 0
Area Harvested 81.3 81.3 82.5 82.5 0
Metric Tons
Yield per Harvested Acre 176.4 167.5 175.8 175.8 0
Million Metric Tons
Beginning Stocks 2,140 2,221 1,995 1,995 0
Production 14,340 13,620 14,507 14,507 0
Imports 28 42 25 25 0
Supply, Total 16,509 15,883 16,527 16,527 0
Feed and Residual 5,429 5,827 5,700 5,700 0
Food, Seed & Industrial 2/ 6,793 6,282 6,475 6,475 0
Ethanol & by-products 3/ 5,378 4,852 5,050 5,050 0
Domestic, Total 12,222 12,109 12,175 12,175 0
Exports 2,066 1,778 2,650 2,650 0
Use, Total 14,288 13,887 14,825 14,825 0
Ending Stocks 2,221 1,995 1,702 1,702 0
Stocks to Use *** 15.54 14.37 11.48 11.48 0
Avg. Farm Price ($/bu) 4/ 3.61 3.56 4.00 4.00 0
WASDE - 607 - 15 | U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ (December 2020)
Metric 2018/19
2019/20 Est.
2020/21 Proj.
Nov
2020/21 Proj.
Dec
Change**
Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,173 million bushels for 2019/20 and 2,195 million bushels for 2020/21.
Million Acres
Area Planted 89.2 76.1 83.1 83.1 0
Area Harvested 87.6 74.9 82.3 82.3 0
Bushels
Yield per Harvested Acre 50.6 47.4 50.7 50.7 0
Million Bushels
Beginning Stocks 438 909 523 523 0
Production 4,428 3,552 4,170 4,170 0
Imports 14 15 15 15 0
Supply, Total 4,880 4,476 4,709 4,709 0
Crushings 2,092 2,165 2,180 2,195 15
Exports 1,752 1,676 2,200 2,200 0
Seed 88 96 103 103 0
Residual 39 16 35 35 0
Use, Total 3,971 3,953 4,519 4,534 15
Ending Stocks 909 523 190 175 -15
Stocks to Use *** 22.89 13.23 4.2 3.86 -0.34
Avg. Farm Price ($/bu) 2/ 8.48 8.57 10.40 10.55 0.2
WASDE - 607 - 11 | U.S. Wheat Supply and Use 1/ (December 2020)
Metric 2018/19
2019/20 Est.
2020/21 Proj.
Nov
2020/21 Proj.
Dec
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 47.8 45.5 44.3 44.3 0
Area Harvested 39.6 37.4 36.7 36.7 0
Bushels
Yield per Harvested Acre 47.6 51.7 49.7 49.7 0
Million Bushels
Beginning Stocks 1,099 1,080 1,028 1,028 0
Production 1,885 1,932 1,826 1,826 0
Imports 135 105 125 120 -5
Supply, Total 3,119 3,117 2,979 2,974 -5
Food 954 962 965 965 0
Seed 59 60 62 62 0
Feed and Residual 88 101 100 100 0
Domestic, Total 1,102 1,123 1,127 1,127 0
Exports 937 965 975 985 10
Use, Total 2,039 2,089 2,102 2,112 10
Ending Stocks 1,080 1,028 877 862 -15
Stocks to Use *** 52.97 49.21 41.72 40.81 -0.91
Avg. Farm Price ($/bu) 2/ 5.16 4.58 4.70 4.70 0
World Ending Stocks ( 2019/20 Est. )
Crop USDA Dec USDA Nov Change**
Corn 303.42 303.33 0.09
Soybeans 95.46 95.34 0.12
Wheat 300.62 300.76 -0.14
World Ending Stocks ( 2020/21 Proj. )
Crop USDA Dec USDA Nov Change**
Corn 288.96 291.43 -2.47
Soybeans 85.64 86.52 -0.88
Wheat 316.50 320.45 -3.95
South American Production ( 2020/21 Proj. )
Country Crop Production
Argentina Corn 218.50
Soybeans 195.65
Brazil Corn 49.00
Soybeans 50.00

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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