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: Evolution of Beef Cattle Farming

The Clear Conversations podcast took to the road for a special episode recorded in Nashville during CattleCon, bringing listeners straight into the heart of the cattle industry. Host Tracy Sellers welcomed rancher Steve Wooten of Beatty Canyon Ranch in Colorado for a wide-ranging discussion that blended family history and sustainability, particularly as it relates to the future of beef production.

Sustainability emerged as a central theme of the conversation, a word that Wooten acknowledges can mean very different things depending on who you ask. For him, sustainability starts with the soil. Healthy soil produces healthy grass, which supports efficient cattle capable of producing year after year with minimal external inputs. It’s an approach that equally considers vegetation, animal efficiency, and long-term profitability.

That philosophy aligned naturally with Wooten’s involvement in the U.S. Roundtable for Sustainable Beef, where he served as a representative for the Colorado Cattlemen’s Association. The roundtable brings together the entire beef supply chain—from producers to retailers—along with universities, NGOs, and allied industries. Its goal is not regulation, Wooten emphasized, but collaboration, shared learning, and continuous improvement.