WASDE Report Released

The latest USDA World Agricultural Supply and Demand Estimate (WASDE) report was released on Friday. 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 cites higher global wheat supplies for 2013/2014, as well as record global corn production. Global rice supply and global rice use are also both expected to reach record levels in 2013/2014.