USDA Releases December WASDE

Dec 09, 2021

The USDA released its December World Agricultural Supply and Demand Estimates (WASDE) report on Thursday.

Dan Basse is president of AgResource Company in Chicago.

"Not a lot of changes," he said. "USDA put U.S. corn end stocks at 1.493 billion bushels. That's unchanged. Soybeans at 340 million bushels, unchanged...They lowered imports from Canada five million bushels because of your tight stocks and then cut exports 20, leaving stocks up 15 million bushels at 598. A historically tight number, but not as tight as last month."

Basse says globally they didn't make any changes with South American crops.

He notes the only change came in wheat where they raised the Australian crop to 34 million metric tonnes, almost a record.

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Video: Fendt Testimonial | Fendt 726 Vario Gen7 | Peter Watson Jones Ltd.

What happens when a farm buys its first Fendt? For Peter Watson Jones Ltd, the Fendt 726 Vario Gen7 has exceeded expectations from day one. For Jack, Farm Manager at Peter Watson Jones Ltd in North Shropshire, UK, the Fendt 726 Vario Gen7 wasn't just another tractor purchase. It was the farm's first experience with the Fendt brand.

Operating across a 1,200-acre arable farm alongside a 250,000-head broiler enterprise, the business has evolved significantly over the last decade, moving to a straight arable system with fewer staff and machines. Since arriving on the farm, the Fendt 726 Vario has established itself as the main drilling and cultivations tractor, earning its place through performance, versatility and efficiency. Whether it's handling large-scale cultivations or working with a new 4.5m strip-till drill, the tractor continues to impress.

Jack highlights its excellent manoeuvrability, operator comfort and ability to deliver strong pulling power at low engine speeds. The result? Outstanding fuel efficiency without compromising performance. Reliability has also been a key factor, with dependable backup from the team at TR Machinery helping to keep the tractor working when it matters most.

?? Watch as Jack shares why the Fendt 726 Vario Gen7, the farm's first Fendt, has made such a strong impression and become an integral part of their operation.