USDA releases March 2015 WASDE report

Mar 10, 2015

No major updates ahead of March 31st Planting Intentions report

Every industry has reports that come out periodically to give everyone involved in that industry an update and better understanding of what the future holds.

The Organization of the Petroleum Exporting Countries (OPEC) has their monthly oil market report and Scotiabank has their Global Auto Report discussing trends in automobile sales.

Farming and agriculture have their own report – the WASDE.

The United States Department of Agriculture (USDA) released their March edition of the World Agricultural Supply and Demand Estimates (WASDE) report. The report features on many commodities but the focus will be on corn, wheat, and soybeans.

The March WASDE report didn’t have major movements in either direction. Farms.com Chief Commodity Strategist Moe Agostino said that could come when the USDA updates their Planting Intentions report, scheduled to come out March 31.

Corn
The actual numbers from the USDA showed 1.232 billion bushels. The price for corn could be around $4.50/bushel for the spring, up to $5.00/bushel for the summer, but could fall to $2.85/bushel for the fall. The average price could be anywhere from $3.50 - $3.90/bushel. Corn’s February WASDE numbers showed 1.827 billion bushels and March’s pre-report came in at 1.826 billion bushels.

Soybeans
March’s WASDE shows 92 million bushels. The pricing in the spring could see $10.50/bushel, possibly up to $11.00/bushel in the summer and could go as far down as $7.00/bushel in the fall. The soybean numbers for February were 0.385 billion bushels and the March pre-report had them coming in at 0.375 billion bushels.

Wheat
Total wheat from March’s WASDE shows 2.766 billion bushels, the same as February. The prices for wheat can vary. On the high end, Minnesota wheat could get $7.50/bushel in the summer, and in the fall, Cincinnati wheat could go as low as $5.00/bushel.

If you missed Moe Agostino’s webinar, be sure to watch the recording to get up to date on the latest WASDE numbers.

The US Planting Intentions Report is scheduled to come out March 31 and the next WASDE report should be released April 9.

Video: Dr. David Rosero: Fat Quality in Swine Diets

In this episode of The Swine Nutrition Blackbelt Podcast, Dr. David Rosero from Iowa State University explores the critical aspects of fat quality and oxidation in swine diets. He discusses how different types of lipids affect pig performance and provides actionable insights on managing lipid oxidation in feed mills. Don’t miss this episode—available on all major platforms.

Highlight quote: "Increasing levels of oxidized fats in swine diets reduced the efficiency of feed utilization, increased mortality, and led to more pigs being classified as culls, reducing the number of full-value pigs entering the finishing barns."

Meet the guest: Dr. David Rosero / davidrosero is an assistant professor of animal science at Iowa State University. His research program focuses on conducting applied research on swine nutrition and the practical application of smart farming. He previously served as the technical officer for The Hanor Company, overseeing nutrition, research, and innovation efforts.