USDA Releases July WASDE Report

The USDA released its July WASDE report on Friday.

 

Dan Basse is president of AgResource Company in Chicago.

 

"The market has reacted somewhat negatively...the report didn't have any major surprises," said Basse. "Maybe a surprise in the report is that China soybean imports were left at 96 million metric tons, both in this crop year, which is just about over with, and the new crop year. USDA is not forecasting that China will take additional soybeans or oilseed crops in that time frame."

 

He gave an update on U.S. crops.

 

"So far, so good," said Basse. "We've got some stress down in the southern half of Illinois, Indiana, and Ohio...They've seen some drought stress, we need some rain in those areas. We are looking at weather models that are divergent beyond the next seven days but we do have a chance for rain through Tuesday in almost all of those areas. I think it's a question of how much will fall and then do we get that hot, dry forecast later next week."

Video: CEOs of the Industry – International Edition Michael Agerley | Partner, IQinAbox

In this CEOs of the Industry – International Edition, we sit down with Michael Agerley, Partner at IQinAbox, to explore how data is reshaping the future of pig production.

After more than 20 years as a veterinarian, Michael shares his unique perspective on the shift from hands-on animal care to data-driven decision making across the pork value chain.

We dive into:

• How better data is improving real on-farm decisions

• The biggest opportunities still untapped in pig production

• How Europe is leading (and where it’s still lagging) in tech adoption

• The role of AI and smart systems in the next 5–10 years

• Why trust, leadership, and practical application matter more than ever

This conversation bridges veterinary insight, technology, and real-world farming, offering a clear look at where the industry is headed—and what it will take to get there.