By: Daniel Cohen, undergraduate student, Seungki Lee, assistant professor, and Ani L. Katchova, professor and Farm Income Enhancement Chair in the Department of Agricultural, Environmental, and Development Economics at The Ohio State University.
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One of the best indicators of the commodity markets in the U.S. comes from the World Agricultural Supply and Demand Estimates (WASDE) monthly reports. Highlights from the January 2025 WASDE report include:
- An unusually large drop in the U.S. corn yield in the January WASDE surprised the market.
- Market fundamentals have improved for both corn and soybeans in the past three months.
- So far, U.S. grain has made promising export progress. The rest of the marketing year will heavily depend on South American crop production and global trade circumstances.
- We see cautious optimism across the board—solid domestic grain use, relatively good export progress, and lower-than-expected January stock levels. As a result, most grain prices have rebounded over the past few weeks.