USDA Projections, Forecasts, and Estimates
USDA presents an initial assessment of U.S.
crop supply and demand prospects and U.S. prices
for the coming crop marketing year. When spring
planting is still underway, planted acreage is
from USDA’s National
Agricultural Statistics Service (NASS) Prospective Plantings report issued
in late March. Other items are projected by the
appropriate Interagency Commodity Estimates Committee
until actual numbers are available. However,
after planting and substantial plant development,
NASS estimates planted acres and forecasts harvested
acreage, yields, and production. After harvest,
NASS estimates harvested acres, yields, and production.
World
Agricultural Supply and Demand Estimates (WASDE),
released by USDA’s World
Agricultural Outlook Board , provides USDA's
comprehensive forecasts of supply and demand
for major U.S.
and global crops and U.S. livestock. The report
gathers information from a number of statistical
reports published by USDA and other government
agencies, and provides a framework for additional
USDA reports.
For more information
on USDA’s process for making short- and
long-term forecasts, see Understanding
USDA Crop Forecasts, How
the WASDE Report Is Prepared, and USDA
Outlook Process.
For more information on the data, see
the Documentation.
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