December WASDE Weighs on Midday Markets

December WASDE Weighs on Midday Markets

Wasde: US soybean ending stocks above estimate, Brazil crop cut

by Marcela Caetano – Agricensus

The U.S. Department of Agriculture (USDA) reduced its 2023/24 global ending stock estimates to a level above the market’s average projection, while cutting Brazil’s output estimates in line with market expectations, in the December World Agricultural Supply and Demand Estimates (Wasde) released on Friday. 

CME soybean January futures were down 2.2 c/bu following the release of the report as projections surpassed projections from analysts surveyed by Agricensus before the release of the report.

Global ending stocks are now seen at 114.2 million mt versus November´s 114.5 million mt projection, above the average 112.9 million mt market estimates.  

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

06.27.2025

Sausage casings bulletin, June 27, 2025

Sausage casings bulletin, June 27, 2025

Runner market commentary

Membership required to view content.


...

Membership is required to vi...

06.25.2025

Sausage casings bulletin, June 20, 2025 [corrected]

Sausage casings bulletin, June 20, 2025 [corrected]

Runner market commentary

Membership required to view content.


Membership required to view content.


Exchange rate:
EUR/USD — $1.153

Resale European hog runner:

06.24.2025

Correction to sausage casings, resale, North American hog runners, whiskered, ex-works North America on June 20: pricing notice

Correction to sausage casings, resale, North American hog runners, whiskered, ex-works North America on June 20: pricing notice

North American hog runners price published on Friday was incorrect due to a formula miscalculation. The original reported price of $1.63 has been corrected to the accurate rolling average...

Latest Tweets