WASDE Preview: December Report to Analyze Southern Hemisphere’s Grain Harvest

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.

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.

Related Stories
Record U.S. sorghum crop faces weak demand as China slashes imports, while corn farmers warn of rising costs, shrinking margins, and global market pressures.
Producers and processors should watch trade policy closely as tariff impacts ripple through seafood markets.
Ethanol producers face a widening opportunity window as aviation and marine fuel markets expand, with the potential to add billions in demand if policy and certification align.
All eyes will be on today’s Cattle on Feed Report, which analysts say could give a clearer picture of where the market goes next.
Corn and beef exports showed strong momentum, cotton sales surged, and soybean sales held steady, though China remains absent from the U.S. market.
Cheaper freight is helping exports move, especially corn, but weaker soybean demand looms large.

LATEST STORIES BY THIS AUTHOR:

Ag Committee Chairman Rep. Glenn “GT” Thompson has referred to the proposal as “Farm Bill 2.0.”
RealAg Radio host Shaun Haney talks about the U.S. House’s latest vote to roll back tariffs on Canada and the ongoing discussions surrounding North American trade.
Alaska Congressman discusses his new role as Executive Vice Chair of the Congressional Western Caucus and his priorities for the West in the 119th Congress.
AFBF Economist Samantha Ayoub discusses the latest data on Chapter 12 farm bankruptcy filings and what the troubling trend signals for the farm economy. At the same time, bigger loans and higher rates are squeezing working capital and increasing financial risk.
Corn demand remains supportive, but weaker soybean buying limits overall export momentum.
Farm legal expert Roger McEowen discusses the EPA’s rescission of the 2009 endangerment finding on greenhouse gases and what it could mean for agriculture and rural America.
Agriculture Shows
Hosted by Scott “The Cow Guy” Shellady and RFD News Markets Specialist Tony St. James, Commodity Talk delivers expert insight into the day’s ag commodity markets just before the CME opens. Only on RFD-TV and Rural Radio SiriusXM Channel 147.
A look at the news, weather and commodities headlines that drove agriculture markets in the past week.
Everything profits from prairie. Soil, air, water — and all kinds of life! Learn how you can improve your land with prairie restoration, cover crops and prairie strips, while growing your bottom line.
Special 3-part series tells the story of the Claas family’s legacy, which changed agriculture forever.