World Agricultural Supply and Demand Estimates

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 (global and United States) and livestock (U.S. only). The report provides an analysis of the fundamental condition of the agricultural commodity markets for the use of farmers, governments and other market participants.

World Agricultural Supply and Demand Estimates
DisciplineAgriculture
LanguageEnglish
Edited byWorld Agricultural Outlook Board
Publication details
History1973–present
Publisher
FrequencyMonthly
LicensePublic domain
Standard abbreviations
ISO 4World Agric. Supply Demand Estim.
Indexing
ISSN1554-9089
Links

The WASDE report is compiled using information from a number of statistical reports produced by the USDA and other government agencies.[1] It is widely considered to be the benchmark to which all other private and public agricultural forecasts are compared.[2][3][4][5]

The recent releases of the WASDE report provide forecasts covering:

  • Crops (U.S. and global) including wheat, rice, corn, sorghum, barley, oats, soybeans, cotton, and sugar.
  • Livestock (U.S. only) including meat animals, poultry, and dairy.

The WASDE report is generally released between the 8th and 12th of each month at 12:00 noon[6] Eastern Time. It is available in electronic form (as a PDF or text file) and can be downloaded from the USDA website from the time of release. Subscription to the report can be made through the Albert R. Mann Library for delivery by e-mail shortly after release on the Internet.[1] As a work of the United States government, the WASDE reports are released into the public domain in accordance with U.S. copyright law, 17 U.S.C. § 105.

History

Predecessor publications date back to the 19th century. In 1893, the USDA Division of Statistics published Production and distribution of the principal agricultural products of the world, a miscellaneous report representing several months of work in compiling the first overview of production of major crops around the world.[7] Subsequent such reports appeared irregularly, and evolved by the 1960s into commodity-oriented circulars published at regular intervals by USDA agencies.

The first direct predecessor of the WASDE report was released on September 17, 1973, as the Agricultural Supply and Demand Estimates.[8] It was originally focused on supply, demand and trade in the United States.[8] On October 14, 1980, the report was released for the first time as the World Agricultural Supply and Demand Estimates and it was the first report to provide categorized estimates for the world, US, total foreign, major importers and major exporters.[8] Estimates for individual countries were first included in the report released on January 11, 1985.[8]

See also

Footnotes
  1. WASDE Website
  2. Outlook Reports: USDA Outlook Process
  3. Olga Isengildina, Scott H. Irwin, and Darrel L. Good, "Empirical Confidence Intervals for WASDE Forecasts of Corn, Soybean and Wheat Prices" University of Illinois, April 17, 2006
  4. Augusto C. Botto, Olga Isengildina, Scott H. Irwin, and Darrel L. Good, "Accuracy Trends and Sources of Forecast Errors in WASDE Balance Sheet Categories for Corn and Soybeans" University of Illinois, July 23, 2006
  5. Olga Isengildina1, Scott H. Irwin2, Darrel L. Good, "Evaluation of USDA interval forecasts of corn and soybean prices" American Journal of Agricultural Economics, November 1, 2004
  6. http://www.usda.gov/oce/commodity/wasde/
  7. United States. Dept. of Agriculture. Division of Statistics. Production and distribution of the principal agricultural products of the world. Washington, D.C.: U.S. Dept. of Agriculture, Division of Statistics, 1893., 205 pp., available in the National Agricultural Library, Call Number: 1 St2B no.5
  8. Rich Allen, "Safeguarding America's Agricultural Statistics" U.S. Department of Agriculture, April 2007
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