WASDE June 2014 Report

by Eduardo Petazze
Increases in the inventory estimates for major agricultural commodities, depress future prices.
The following is a summary of the World Agricultural Supply and Demand Estimates Report
(WASDE pdf, 40 pages) released by the USDA, for June 2014.
World Agricultural Supply and Demand Estimate (1000 MT)
Corn
2011/2012
2012/2013
2013/2014
2014/2015
Beginning Stocks
130,097
134,608
138,140
169,047
Production
889,327
868,796
981,889
981,123
Imports
99,900
99,429
116,694
114,772
Exports
116,980
95,207
124,157
115,522
Domestic Consumption
867,736
869,486
943,519
966,773
Ending Stocks
134,608
138,140
169,047
182,647
Y/Y
3.47%
2.62%
22.37%
8.05%
Soybean
2011/2012
2012/2013
2013/2014
2014/2015
Beginning Stocks
70,355
53,593
57,043
67,168
Production
239,525
267,853
283,788
299,995
Imports
93,456
95,564
107,381
108,678
Exports
92,151
100,648
110,992
112,326
Domestic Consumption
257,592
259,319
270,052
280,631
Ending Stocks
53,593
57,043
67,168
82,884
Y/Y
-23.82%
6.44%
17.75%
23.40%
Wheat
2011/2012
2012/2013
2013/2014
2014/2015
Beginning Stocks
198,188
197,263
175,279
186,048
Production
695,991
657,305
713,969
701,621
Imports
149,304
144,248
155,187
150,194
Exports
158,212
137,177
162,748
152,084
Domestic Consumption
688,008
686,360
695,639
697,170
Ending Stocks
197,263
175,279
186,048
188,609
Y/Y
-0.47%
-11.14%
6.14%
1.38%

Link to detailed tables

World Corn Production, Consumption, and Stocks
World Corn Trade
Soybeans: World Supply and Distribution
World Wheat Production, Consumption, and Stocks
World Wheat, Flour, and Products Trade

Other USDA Agency Reports

World Agricultural Weather Highlights pdf, 1 page
World Agricultural Production pdf, 25 pages
(US) Crop Production pdf, 32 pages
Cotton: World Markets and Trade pdf, 29 pages
Grain: World Markets and Trade pdf, 59 pages
Oilseeds: World Markets and Trade pdf, 35 pages
Forecast the Season-Average Price for Corn, Soybeans, and Wheat