NASHVILLE, TENN. (RFD-TV) — In a little more than 24 hours, we will get our first look at the latest World Agricultural Supply and Demand Estimate (WASDE) Report from the U.S. Department of Agriculture (USDA) for December. This month’s WASDE report is expected to give markets a clear picture of where things stand after a busy harvest season.
Early trade estimates are already out with a big focus on the U.S. corn crop. Last year at this time, ending stocks were around 1.5 billion bushels. This year, traders estimate ending stocks will come in around 2.13 billion bushels. On the soybean side, the expectation is 308 million bushels. That is slightly below last year. And for wheat, estimates show that the crop’s ending stocks are around 40 million bushels over last year.
While this month’s WASDE report will not include updated figures on U.S. crop size, officials say it will offer a clearer picture of crop conditions in the Southern Hemisphere, with a heavy focus on the wheat harvest in Australia and the first corn and soybean crops from Brazil.
With the government shutdown, the USDA said export sales data that would have been released in October will now be released this week, too.
We will bring you those numbers from the delayed December WASDE Report and U.S. Crop Production reports right here on Market Day Report after they are released on Tuesday at 12 PM ET.
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Friday’s release will be the first WASDE report in about two months, and early estimates indicate a corn surplus is still on the way.
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A Reuters report shows China has a soybean “glut,” finding stockpiles at Chinese ports are at record levels, with crushers there holding the most supplies since 2017.
November 12, 2025 10:55 AM
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Lucia Ruano, USMEF’s Central America representative, discusses what is driving demand for U.S. beef and pork in the region.
November 11, 2025 01:30 PM
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Export strength is concentrated in corn and wheat, while soybeans and sorghum lag, keeping basis and logistics dynamics highly commodity-specific into late fall.
November 11, 2025 11:21 AM
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If the House concurs and the President signs, USDA services and farm-bill programs resume at full speed with authorities extended for another year.
November 11, 2025 10:46 AM
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Ohio AgNet’s Dusty Sonnenberg takes us up in the cab with a popcorn farmer bringing in this year’s haul.
November 10, 2025 11:07 AM
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Stagger buys and diversifies fertilizer sources — watch CBAM, India’s tenders, and Brazil’s import pace to time urea, phosphate, and potash purchases.
November 07, 2025 11:16 AM
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Pork producers should prioritize health and productivity gains, hedge feed and hogs selectively, and watch Brazil’s export pace and China’s sow policy for price signals.
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