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May 2022 WASDE’s biggest takeaways

Get a closer look at USDA’s latest supply and demand data.

Ben Potter, Senior editor

May 13, 2022

The May World Agricultural Supply and Demand Estimates (WASDE) report from USDA is often one of the agency’s more interesting reports. That’s because it reveals an initial look at U.S. corn and soybean yield and production estimates.

But today’s report threw another wildcard into the mix when it reported a sharp reduction in winter wheat production potential that sent prices soaring in Thursday’s session. Corn and soybean prices were also firm after traders digested the data.

What were the biggest takeaways of the day? A discussion with Farm Futures grain market analyst Jacqueline Holland covered a lot of ground as we discussed everything from planting progress trends, an eye-opening soybean production prediction, how the war in Ukraine is generating additional ample volatility and more. Click above to listen.

About the Author(s)

Ben Potter

Senior editor, Farm Futures

Senior Editor Ben Potter brings two decades of professional agricultural communications and journalism experience to Farm Futures. He began working in the industry in the highly specific world of southern row crop production. Since that time, he has expanded his knowledge to cover a broad range of topics relevant to agriculture, including agronomy, machinery, technology, business, marketing, politics and weather. He has won several writing awards from the American Agricultural Editors Association, most recently on two features about drones and farmers who operate distilleries as a side business. Ben is a graduate of the University of Missouri School of Journalism.

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