Get the edge on the high speed traders! Get instant delivery of the upcoming WASDE report delivered live right here. This page will automatically receive new report data. All you need to do is wait for the count down to hit zero! The next WASDE release is February 04, 12:00:00 pm EST.
The WASDE report contains supply and demand predictions that can quickly impact the price of commodities. The report is released at 12:00:00 EDT during live trading hours, and price often moves sigificantly after a report is released. The faster you are able to receive and analyze the report for important information, the better you are positioned to make smart marketing decisions. CropReports.com WASDE Watch Live delivers the report to you LIVE, almost instantly, directly to this web page. All you need to do to receive the report live is come to this page before the next release date and wait for the timmer to hit zero. Once the report is received we will automatically update this screen with the ending stocks of the most watched commodities. For further WASDE report details, click on SEE CHANGES for the commodity you are interested in and all of the latest report details will be displayed.
The World Agriculture Supply and Demand Estimates, aka WASDE, is released every month between the 8th - 12th day of the month. The report includes informaton on United States and World supply of many field crops and agricultural commodities. It is presented in a balance sheet style where each marketing year starts with that year's beginning stocks equal to the endings stocks from the previous marketing year. Estimated production is added to the beginning stocks to estimate the total supply for a given commodity. Total Use is determined by adding domestic use and exports, and then subtracted from the total supply. The remainder is the ending stocks for the marketing year.
Undererstanding how crop marketing years work can be a difficult concept at first. Commodities are grouped into years determined by their production cycle, not by a typical calendar year. For example, a soybean marketing year starts September 1st and ends August 31st. So soybeans that are planted in June of 2016 will be harvested in the fall of 2016 and marketed until August 31 in 2017. That planting would be considered the 2016/17 marketing year, even though they were planted before the marketing year officially started. A list of marketing years can be found at the Foreign Agricultural Service website.
In the WASDE report the USDA reports three sets of numbers for each covered commodity labeled Predictions, Estimates, and Final. Each category reprsents a marketing year, with predictions being the most recent, estimates the previous, and final the last reported marketing year. Predictions are labelled predictions because they are the earliest guesses from the USDA as to what the supply and demand will look like for a given marketing year. Predictions always start in the May WASDE release for all crops, independent of the crops own marketing year. So, continuning our soybean example from above, the 2016/17 marketing year will first appear in the May 2016 WASDE release under predictions. The following May, when new predictions are released for the next marketing year, the 2016/17 marketing year will then be labelled as Estimates. Lastly, they will be reported as final for their third reporting year the following May when new predictions are released.