Brokers on the floor used to execute trades in person, but for one trading firm, the USDA’s WASDE report from July brought back those memories. Betsy Jibben with Ag Market Consulting takes us behind the scenes on report day with AgMarket.net.
What is WASDE?
WASDE stands for World Agricultural Supply and Demand Estimates. It’s a monthly report published by the U.S. Department of Agriculture (USDA), and it’s one of the most influential reports in global agriculture. It’s released around the 10th or 12th of each month.
What It Does
The WASDE report provides comprehensive forecasts and analysis of supply and demand for:
- Major U.S. and global crops (like corn, soybeans, wheat, cotton, rice, etc.)
- Livestock and dairy
- Trade and ending stocks (what’s left over after usage and exports)
Why It Matters
- Traders, farmers, agribusinesses, and policymakers utilize it to inform their decisions.
- It impacts commodity prices immediately after release, especially if there are surprises.
- It also sets expectations for production, consumption, and export trends.
Related Stories
Cooked low and slow with wine, garlic, and just enough cayenne to make ya sweat a little—I gar-on-tee Justin Wilson’s Crawfish Maque Choux recipe will have you comin’ back for seconds (and thirds)!
Justin Wilson’s Shrimp and Macaroni Casserole features bold, Cajun spice and big flavors—you’ll love this easy, crowd-pleasing dish.
A down-home, one-pot wonder with a Cajun kick.
“U.S. dairy farmers are among the most productive in the world.”
This is the basic roux. Cajuns will say that a finished roux shines. This is the only roux recipe you’ll ever need — I GARONTEE!
