USDA’s Sept. 11 WASDE report puts corn and soybean forecasts under scrutiny

  • USDA will release updated corn and soybean forecasts in its September WASDE report.
  • August estimates cut old-crop corn carryout by 75 million bushels and soybean stocks by 5 million.
  • The Sept. 11 report arrives as harvest nears and yield prospects remain uncertain.

Corn and soybean producers are preparing for USDA’s September World Agricultural Supply and Demand Estimates report, scheduled for Friday, Sept. 11. The monthly WASDE report updates U.S. and global forecasts for production, consumption, exports and ending stocks across major agricultural commodities. Traders will focus on possible changes to corn and soybean yield estimates after USDA’s August report reduced old-crop corn carryout by 75 million bushels and soybean stocks by 5 million bushels. Private estimates have raised expectations for a lower corn outlook, while crop assessments have indicated weaker yield potential in parts of the Corn Belt and soybean prospects remain uncertain. With harvest approaching, even modest changes to yield or ending-stock projections could affect fall grain prices and farmers’ marketing decisions as producers face tight margins and elevated production expenses.

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