April WASDE Reports Tight Corn and Soybean Stock-to-Use Ratios

The USDA released last week its April edition of the World Agricultural Supply and Demand Estimates (WASDE). The WASDE report provides monthly comprehensive forecasts of supply and demand for major U.S. and global crops, supplied by the USDA. Crops covered include wheat, coarse grains, rice, and oilseeds. This report can explain past and current global commodities trends, as well as predict trends for the coming year. This month's report sees higher global wheat stocks for 2012/13, but tight stock-to-use ratios for both corn and soybeans.