wasde report

USDA February WASDE Report

Dan Corn, Grain, Industry News Release

The latest monthly World Agriculture Supply and Demand Estimates (WASDE) report from the Department of Agriculture shows lower estimated soybean exports for the 2017-18 crop year.

wasde reportUSDA lowered soybean exports by 60 million bushels to 2.1 billion bushels. The U.S. season-average soybean price range for 2017/18 is projected at $8.90 to $9.70 per bushel, unchanged from the previous report.

USDA increased its forecast for corn exports, while reducing stocks. Exports increased 125 million bushels on price competitiveness with other nations. The season-average corn price received by producers is projected at $3.30 per bushel, up five cents from the previous report.

Projected wheat ending stocks were raised by 20 million bushels, with exports increasing. USDA left season-average farm price for wheat unchanged at $4.60 per bushel.

From the National Association of Farm Broadcasting News Service.

Read the full February 2018 World Agricultural Supply and Demand Estimates (WASDE) Report.