U.S. Soy WASDE Update- March 2021
The World Agricultural Supply and Demand Estimates (WASDE) is a monthly report published by the United States Department of Agriculture (USDA) providing comprehensive forecast of supply and demand for major crops globally and United States). The report provides an analysis of the fundamental condition of the agricultural commodity markets for the use of farmers, governments and other market participants. Traders, farmers and soy processors around the world refer to the WASDE report as an indicator at to where supply and demand, and ultimately the price soybeans may go. USSEC is pleased to announce that it is initiating a monthly Global Webcast updating its partners around the world on the WASDE report and its potential implications for soybean markets. Each monthly report will include an analysis of how the U.S. Department of Agriculture has updated the global supply and demand projections for soybeans, and also feature an invited market analyst to offer opinions on how the changes to the WASDE might impact soybean markets.