The WASDE whispers: What markets did not hear on June 12

Join Carlos Mera and Charles Hart as they unpack the USDA's June WASDE report in the latest ACMR podcast. At first – and even second – glance, this month's WASDE might seem like a nonevent. The absence of revisions to major forecasts was conspicuous, but the changes that the USDA did not make are where the report's significance lies. We'll examine the department's current harvest outlooks for several major wheat producers, including the EU, Canada, and the US, and why the US corn and soybean balance sheets were left unchanged – except for an anticipated bump in corn exports in 2024/25. The USDA's modeling of crop yields will ensure the market keeps a close eye on weather conditions in the months ahead, while the soybean export forecast for the new season will continue to be debated amid a volatile US-China relationship. Weather risks to crop prospects in Argentina and Ukraine are also discussed before the episode closes with an initial view on how Israel's recent strikes on Iran could affect agricultural commodities markets. Please read our disclaimer here:

You can listen to The WASDE whispers: What markets did not hear on June 12 online on Radio and Podcast. Open the player on this page to stream the available audio.

The WASDE whispers: What markets did not hear on June 12 is an episode from RaboResearch Agri Commodities by RaboResearch Agri Commodities.

This episode is 15:41 long.

This episode was published on Jun 16, 2025.

Yes. Use the heart button on the episode page to add it to your favorite episodes list.

Yes. This page shows related episodes from RaboResearch Agri Commodities when more episodes are available from the podcast feed.