March WASDE 2025
Mar 11, 2025
3-11-25
March 2025 WASDE
Corn
No changes to either the domestic nor South American balance sheet in today’s report. World corn carryout around 1 mmt lower.
Soybeans
No changes to either the domestic nor South American balance sheet in today’s report. World soybean carryout about 3 mmt lower.
Wheat
Domestic carryout was raised 25 mil bu in today’s WASDE. World wheat carryout raised around 2.5 mmt.
Bottom Line
The March WASDE lived up to expectation of not providing anything for the market to stick its teeth in. Tariff talk and the looming March planting intentions report will be what drives us in the short run.
March 2025 WASDE
Corn
No changes to either the domestic nor South American balance sheet in today’s report. World corn carryout around 1 mmt lower.
Soybeans
No changes to either the domestic nor South American balance sheet in today’s report. World soybean carryout about 3 mmt lower.
Wheat
Domestic carryout was raised 25 mil bu in today’s WASDE. World wheat carryout raised around 2.5 mmt.
Bottom Line
The March WASDE lived up to expectation of not providing anything for the market to stick its teeth in. Tariff talk and the looming March planting intentions report will be what drives us in the short run.