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Posts tagged: WASDE

Back to School with Statistics, Join USDA’s Virtual Open House

A new academic year is here for millions of students and teachers across the country, and in spirit of the many back to school nights and open houses taking place, I’m encouraging you to explore USDA’s International Year of Statistics Virtual Open House.

The International Year of Statistics, sponsored by more than 2,000 organizations – including the USDA – is a worldwide event to help teach everyone about the powerful and far-reaching effects of statistics. When people hear the word “statistics,” they often think of sports statistics or the course they took and struggled to pass. While you can think of statistics in these terms, there is more to the relationship between you and statistics than you may imagine. Read more »

Forecasting Supply and Demand for World Agricultural Markets

U. S. food is stored in cargo holds on freighters at Lake Charles, Louisiana waiting to be shipped overseas on May 1972. Photo courtesy National Archives and Records Administration.

U. S. food is stored in cargo holds on freighters at Lake Charles, Louisiana waiting to be shipped overseas on May 1972. Photo courtesy National Archives and Records Administration.

USDA’s Chief Economist Joseph Glauber and his staff advise the Secretary on economic issues but are also charged with producing official USDA supply and demand projections and forecasts.  The Office of the Chief Economist’s (OCE’s) monthly World Agricultural Supply and Demand Estimates (WASDE) report that is  recognized globally as the benchmark report for world agricultural commodity markets.  The WASDE report provides valuable planning and decision-making information to U.S. farmers, commodity traders, the agricultural industry, and USDA policymakers. Read more »