USDA_WASDE
USDA WASDE Report
The USDA’s monthly World Agricultural Supply and Demand Estimates reset global grain balance sheets — the ag market’s FOMC day.
| Published by | US Department of Agriculture (USDA) |
|---|---|
| Frequency | Monthly, around the 9th–12th |
| Release time | 12:00 PM ET |
What it measures
WASDE publishes supply-and-demand balance sheets for corn, soybeans, wheat, cotton and more, US and world: production, use, exports and ending stocks.
Why traders watch it
- Ending stocks revisions move corn, soybean and wheat futures within seconds of noon.
- It sets the official baseline that every private crop forecast trades against for the next month.
How to read it
- Ending stocks and the stocks-to-use ratio versus expectations are the tradeable core.
- In northern-hemisphere growing season, yield assumptions dominate; check world (esp. South America) revisions too.
FAQ
Why is WASDE released at noon?
USDA moved major crop reports to 12:00 PM ET in 2013 so the release lands during trading hours in an era of electronic markets — the reaction is immediate and public.
What is stocks-to-use?
Ending stocks divided by total use — the buffer expressed in demand terms. Low ratios mean thin cushions, where each bushel of surprise moves price more.
Get every release pushed in seconds — download FirstPrint
The official source of each release is authoritative. Not investment advice.