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1Scan for outdated or missing drivers - takes under a minute2Clear out junk files and repair common Windows errors3Fix the driver behind crashes, sound loss and screen glitchesThe USDA’s next March World Agricultural Supply and Demand Estimates (WASDE) report is scheduled for March 10, 2027, at 12:00 p.m. Eastern Time. Check the official WASDE schedule again near release day because USDA can change dates or times. For farm decisions, read the estimate for your commodity, geography, and marketing year; then identify which supply-and-use figure changed. WASDE is an important benchmark, not a guaranteed price forecast or a one-size-fits-all marketing signal.
When is the March 2027 WASDE report?
USDA’s posted schedule lists the March 2027 report for March 10 at noon Eastern Time. Because release calendars can change, verify the listing on USDA’s WASDE page before planning around it. The page also provides current report formats, consolidated historical data, an archive dating to 1973, and an option to sign up for notifications.
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Other USDA reports may arrive in March, but their dates are year-specific. For example, NASS’s 2026 calendar listed Crop Production for March 10 and Grain Stocks and Prospective Plantings for March 31, all at noon Eastern Time. Those 2026 dates do not establish the 2027 schedule; check the relevant year’s NASS calendar.
What WASDE measures—and what it does not
Prepared monthly by USDA’s World Agricultural Outlook Board (WAOB), WASDE presents annual forecasts of supply and use. It covers U.S. and world wheat, rice, coarse grains, oilseeds, and cotton; U.S. supply and use of sugar, meat, poultry, eggs, and milk; and Mexico’s sugar supply and use. For crop forecasts, USDA’s Economic Research Service (ERS) identifies wheat, rice, feed grains—corn, sorghum, barley, and oats—soybeans, cotton, and sugar, with U.S. and world estimates. Livestock forecasts cover the United States. See the WASDE report and data page and ERS’s description of the forecasting process.
That breadth does not make WASDE an estimate of every farm’s likely revenue, local cash price, or individual crop outcome. A U.S. estimate and a world estimate can tell different stories, and a national balance sheet cannot capture every local basis, storage, or cash-flow condition. Find the commodity and geography relevant to your operation before drawing conclusions.
How USDA builds the monthly estimates
ERS says the outlook draws on NASS surveys, Agricultural Marketing Service market news, Department of Commerce trade data, Foreign Agricultural Service reports from overseas attachés and satellite imagery, recent weather analyzed by WAOB meteorologists, Farm Service Agency program data, and other commodity-specific sources. Econometric models and statistical analysis are combined with expert judgment in a two-week, consensus-based process.
ERS describes the resulting projections as marketplace benchmarks because of their comprehensiveness, objectivity, and timeliness. They are still forecasts assembled from available information—not promises that final production, use, trade, stocks, or prices will match the estimates. Read the ERS explanation of the process for more detail.
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- Choose the right commodity and scope. Start with the crop or livestock market that matters to your farm, then distinguish U.S. figures from world figures. Do not treat an international estimate as a direct statement about a local cash market.
- Compare with the previous month. Use the report’s historical data or prior release to see what changed. Make sure you are comparing the same commodity, geography, and marketing year.
- Locate the changed balance-sheet line. WASDE is a supply-and-use forecast. Trace a change to the relevant component—such as production, imports, exports, domestic use, or ending stocks—rather than reacting only to a headline total. The component that moved helps explain what USDA has revised; it does not, by itself, dictate a price response.
- Put related information on the calendar. Check the actual year’s NASS schedule and other relevant releases instead of assuming that dates from a previous March will repeat.
- Apply local and financial context before acting. Consider local basis, storage costs and availability, cash-flow needs, production costs, and existing marketing commitments. These are farm-specific decision factors, not a USDA recommendation to sell, store, or hedge.
Can WASDE move grain prices?
WASDE can change market expectations, but the report does not establish the direction or size of the next price move for an individual farmer. ERS’s 2012 analysis examined futures responses to 350 WASDE reports from 1981 through 2010, focusing on cotton, soybeans, and hard red winter wheat. The article estimated average immediate changes, using prices current to that 2012 feature, of about $190 per contract for cotton and soybeans and nearly $140 for hard red winter wheat. Its estimate for the most useful reports was about $600 per contract at those same historical prices. These are dated estimates, not current-dollar impacts or a forecast for the March 2027 release. See the ERS analysis of WASDE and futures reactions.
ERS also notes that weather shocks, seasonality, inventory levels, and proximity to futures-contract expiration influence prices. A report can matter without determining what happens next: its information is interpreted alongside other market forces, and a national forecast does not reveal the best marketing choice for every farm.
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