April 2015 post-WASDE breakdown

Apr 10, 2015

Ending stocks for corn up since March report

Now that the United States Department of Agriculture (USDA) released its World Agricultural Supply and Demand Estimates Report (WASDE), farmers and other ag-producers have a better understanding of how the markets could behave going forward.

Did you miss the April WASDE preview? If so, you can find it here.

The focus here will be on soybeans, wheat and corn.

Corn
When looking at corn, the April WASDE reported ending stocks at 1.827 billion bushels, up from March’s number of 1.777 billion bushels. Global corn ending stocks also saw an increase. April shows 188.5 million metric tons (MMT), up from 185.3 MMT reported in March.

Corn is projected to sell for between $3.55 and $3.85 per bushel. It’s currently selling for around $3.78 per bushel.

Soybeans
Soybeans in the April WASDE report are estimated at a 0.37 billion bushels ending stock, that’s a 15 million bushel dip from the March number of 0.385 billion bushels. Global ending stocks for soybeans are at 89.6 MMT in April, a small decrease from March’s 89.5 MMT.

The USDA estimates soybeans will sell for between $9.60 and $10.60 per bushel. Soybeans are currently selling for about $9.54 per bushel.

Wheat
Wheat’s ending stocks according to the April WASDE is expected to be somewhere in the 0.684 billion bushel range – down from March’s 0.691 billion bushel estimate. The global ending stocks is estimated at 197.2 MMT, a small decline from 197.7 MMT in March.

Wheat is expected to sell for between $6.00 and $6.10 per bushel. It currently sits around $5.18 per bushel.

The next WASDE report is scheduled for release on Tuesday, May 12^th, 2015.

Join the conversation and tell us how the April WASDE report impacted your operation going forward.

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.