USDA WASDE report, nothing really changed

Jun 12, 2013

USDA WASDE report, nothing really changed

There were no surprises in today’s June 12 World Agricultural Supply and Demand Estimates (WASDE) report. The initial reaction was bearish for corn and wheat, and neutral to friendly for soybeans.

The following are some highlights:

Corn:

Old crop ending stock moved higher from 759 million to 769 million. Exports were lowered by 50 million. New crop ending stalks lowered to 1.949 billion from previous estimates of 2.004 billion.

Wheat:

U.S. wheat supplies for 2013/14 are raised. Beginning stocks are higher with a 15 million bushel reduction in 2012/12 exports. Production for 2013/14 is up 23 million bushels.

Soybeans:

U.S. soybean supply and use projections for 2013/14 are unchanged from May. Soybean imports are raised 5 million bushels to 25 million. Soybean exports for 2013/14 were reduced by 20 million bushes to 1.33 billion bushels. Global oilseed production for 2013/14 is projected at 490.8 million tons, down 0.5 million from May.

The market will be watching for the June 28^th report next. The full report can be found here: http://www.usda.gov/oce/commodity/wasde/

Video: Dream Projects Made Real | BX Summer Contest Winner Stories

Three women. Three properties. Three summers that changed everything.

Meet the 2025 Kubota BX Summer Contest winners — and watch what happened when their biggest plans finally had the power to match them.

Akesh transformed her 9.8-acre property in just 3 months — clearing a historic barn, building a cottage garden, and growing vegetable beds for her family. Kathleen rebuilt her yard from the ground up after the 2023 wildfires devastated her property — creating a space where her children could play and grow again. Teresa reclaimed her family's 97-acre Ontario farm — moving topsoil, restoring fields, and honouring her mother's memory one season at a time.

Three dream projects. Three stories of vision, resilience, and hard work. One unforgettable summer with a Kubota BX.

"The BX made everything happen so quick." — Akesh "I feel like I can make a huge difference." — Kathleen "It's a dream come true. The answer to my prayers." — Teresa