# New WASDE: World Agricultural Supply & Demand Estimates | The Mighty 790 KFGO | KFGO

> USDA's January WASDE lowered 2020/21 U.S. wheat ending stocks by 26 million bushels to 836 million and raised the season-average price to 4.85 dollars. Soybean production fell 35 million bushels to 4.135 billion, and oilseed output was trimmed 1.25 million tons with smaller soybean, peanut and cottonseed crops.

- Date: 2021-01-12 · published 2021-01-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/49094-new-wasde-world-agricultural-supply-and-demand-estimates-the-mighty-790-kfgo
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

Lower U.S. wheat and soybean supplies tighten feed and oilseed availability and support prices. Smaller cottonseed and peanut crops also reduce supplies of cottonseed meal.

## Read by commodity

- CSM: bullish ▲
- SOY: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-07-12 | [July World Agricultural Supply and Demand Estimates \| The Mighty 790 KFGO \| KFGO](https://feedsoft.ai/events/46020-july-world-agricultural-supply-and-demand-estimates-the-mighty-790-kfgo-kfgo.md) | -0.8% | +0.2% |
| WHEAT | 2021-01-13 | [World Agricultural Supply and Demand Estimates - The Roosevelt Review](https://feedsoft.ai/events/49198-world-agricultural-supply-and-demand-estimates-the-roosevelt-review.md) | +1.4% | -4.7% |
| WHEAT | 2023-03-09 | [World Agricultural Supply and Demand Estimates - The Roosevelt Review](https://feedsoft.ai/events/12652-world-agricultural-supply-and-demand-estimates-the-roosevelt-review.md) | -0.2% | -4.6% |
| WHEAT | 2023-12-08 | [Wheat, corn and soybean highlights of USDA’s December WASDE report \| The Mighty 790 KFGO \| KFGO](https://feedsoft.ai/events/32639-wheat-corn-and-soybean-highlights-of-usda-s-december-wasde-report-the-mighty.md) | -4.0% | +1.2% |
| WHEAT | 2023-03-22 | [AAFC supply/demand estimates mostly unchanged \| Farmtario](https://feedsoft.ai/events/36827-aafc-supply-demand-estimates-mostly-unchanged-farmtario.md) | +11.0% | +4.2% |
| SOY | 2023-01-13 | [January 2023 World Agricultural Supply and Demand Estimates Update](https://feedsoft.ai/events/37732-january-2023-world-agricultural-supply-and-demand-estimates-update.md) | -1.5% | +0.8% |
| SOY | 2019-09-13 | [AgroPages-USDA, WASDE Reports Rallies The Soybean Market 29¢.-Agricultural news](https://feedsoft.ai/events/10851-agropages-usda-wasde-reports-rallies-the-soybean-market-29-agricultural-news.md) | +1.1% | +4.6% |
| SOY | 2022-10-20 | [AFBF Farm Bil Priorities and WASDE Estimates Mixed - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/39099-afbf-farm-bil-priorities-and-wasde-estimates-mixed-ag-information-network-of.md) | +0.7% | +4.1% |

## Sources

- kfgo.com: https://kfgo.com/2021/01/12/new-wasde-world-agricultural-supply-demand-estimates/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.