March WASDE: Wheat, Course Grains, and Oilseeds Projections Mostly Unchanged From February

Washington, DC — The U.S. Department of Agriculture's World Agricultural Supply and Demand Estimates (WASDE) report for March was mostly unchanged from February, the USDA reported Tuesday, March 9.

The supply and demand outlook for 2020-21 U.S. wheat is mostly unchanged this month but there are offsetting by-class changes to exports and imports.

The 2020-21 global wheat outlook is for larger supplies, increased consumption, higher exports, and reduced stocks this month. Supplies are raised 3.5 million tons to 1,077.1 million.

Global coarse grain production for 2020-21 is forecast 5.9 million tons higher to 1,444.8 million. The 2020-21 foreign coarse grain outlook is for larger production, increased trade, and greater ending stocks relative to last month.

Global 2020-21 oilseed supply and demand forecasts include higher production, exports, and ending stocks. Global production is raised 0.7 million tons to 595.8 million, with higher soybean and rapeseed partly offset by lower palm kernel, cottonseed, and sunflowerseed.

To read the full USDA WASDE March report, click here.