Global Markets in Turmoil: USDA Report Reveals Shocking Shifts in Wheat, Corn, and Sugar Trade!

Global agricultural markets under pressure: While wheat stocks are rising, corn and soybean prices remain stable. U.S. sugar imports are declining, and milk production is slightly decreasing. A major shift: China is drastically cutting wheat imports while Australia reports a record harvest. What does this mean for the coming months? Read the latest USDA figures and forecasts now!

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USDA WASDE Report – March 2025 (Converted to kg and EUR)

General Market Conditions & Trade Developments

• U.S. tariffs on Canada and Mexico remain suspended until April 2, but Canada’s retaliatory tariffs remain in effect.
• Trade tensions between the U.S. and China persist, with tariffs unchanged.

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Grains & Oilseeds

Wheat

• USA:
  • Ending stocks increase by 680,400 tons to 22.3 million tons due to higher imports and lower exports.
  • The average price falls to €185/ton ($5.50/bushel).
• Global Market:
  • Production increases by 5.4 million tons to 1.07 billion tons.
  • Australia reports its third-largest harvest ever with 34.1 million tons.
  • China’s wheat imports drop by 1.5 million tons to 6.5 million tons (less than half of last year).

Corn & Coarse Grains

• USA:
  • No forecast changes, the average price remains at €146/ton ($4.35/bushel).
• Global Market:
  • Production increases by 3.2 million tons to 1.5 billion tons.
  • India, Russia, and Ukraine report production increases, while South Africa and Mexico see declines.

Rice

• USA:
  • Rice imports increase by 45,000 tons to 2.18 million tons.
  • Ending stocks remain stable at 2.13 million tons.
  • The average price rises to €14.35/100 kg ($15.60/cwt).
• Global Market:
  • Consumption increases slightly by 200,000 tons to 530.7 million tons.
  • Ending stocks decrease by 100,000 tons to 181.5 million tons.

Oilseeds (Soybeans & More)

• USA:
  • Soybean oil exports increase, while biofuel use declines.
  • The average soybean price is €330/ton ($9.95/bushel).
• Global Market:
  • Ending stocks decrease by 2.9 million tons to 121.4 million tons.
  • China increases soybean processing by 2 million tons to 105 million tons.

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Sugar

• USA:
  • Total stocks decrease by 36,900 tons to 1.87 million tons.
  • Imports from Mexico decrease by 106,000 tons.
  • Price remains stable at €663/ton.
• Mexico:
  • Production remains at 4.86 million tons, but exports to the U.S. decline.

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Livestock, Poultry & Dairy

• Red Meat & Poultry:
  • Beef and chicken production increases, while pork and turkey production declines.
• Dairy Market:
  • Production declines slightly, and milk prices drop to €20.03/100 kg ($21.60/cwt).

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Cotton

• USA:
  • No balance sheet changes.
  • Price falls slightly to €1.28/kg ($0.63/lb).
• Global Market:
  • China’s production increases, while Pakistan and Argentina report declines.
  • Global ending stocks fall by 80,000 bales.

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Conclusion & Market Outlook

• Wheat: Higher global stocks, strong harvests in Australia and Argentina.
• Corn & Soybeans: Slight production increase, stable prices.
• Sugar: Lower U.S. stocks, stable price.
• Livestock Production: Rising beef production, egg supply affected by bird flu.
• Cotton: Volatile market, slightly lower global stocks.

📌 Read the full USDA report here:➡️ USDA WASDE March 2025.