The Department of Agriculture Monday announced changes to future World Agricultural Supply and Demand Estimates Reports. Starting with the May 10 issue, USDA announced price range forecasts will be eliminated in favor of single price points for all crops and livestock.
USDA says the international Supply and Use tables for Crops will include an aggregate value for “World less China,” representing the balance sheet values outside of China. Also, the ordering of countries and lists of Major Importers/Exporters will be updated to eliminate outdated aggregations, such as “Former Soviet Union,” and better reflect current trade patterns.
The World Agricultural Supply and Demand Estimates, or WASDE, is prepared monthly by the USDA World Agricultural Outlook Board based on information from USDA and other domestic and foreign official sources. It includes forecasts for U.S. and world wheat, rice, and coarse grains, oilseeds, and cotton. U.S. coverage is extended to sugar, meat, poultry, eggs, and milk.