• Fully integrated global model
  • Detailed country coverage
  • Detailed commodity coverage
  • Access to analysts
  • Objective analysis
  • Dynamic analysis
  • Scenario Analysis
  • Accuracy
  • Model Development
  • Regular Forecast Updates and Punctuality


The WAEES Global Agricultural Forecast

The WAEES Global Agricultural Forecast is produced twice a year and sequenced to capture the impact of the crop size estimates in the northern and southern hemisphere.  The report is also designed to capture USDA’s semi-annual release of global livestock production numbers in April and October.

Geographic coverage includes:

  • North America – Canada, Mexico, and the United States
  • Caribbean and Central America as one region
  • South America – Brazil, Argentina, Bolivia, Chile, Colombia, Paraguay and Uruguay and other South America
  • European Union 28 as a region
    • Additional country breakouts for large crop producing EU-28 countries available.  These breakouts will cover area, yield, and production for all crops in the WAEES modeling system.
  • Other Europe as a region
  • Former Soviet Union – Russia, Ukraine, Uzbekistan, and other Former Soviet Union
  • Middle East – Saudi Arabia, Turkey, and other Middle East
  • East Asia – China, Japan, South Korea, Taiwan, Other East Asia
  • South Asia – India, Pakistan, Other South Asia
  • Southeast Asia – Myanmar, Indonesia, Malaysia, Philippines, Thailand, Vietnam, and Other Southeast Asia
  • Oceania – Australia and Other Oceania
  • North Africa – Egypt and other north Africa
  • Sub-Saharan Africa – South Africa, Kenya and Other Sub-Saharan Africa
  • Note that some additional country breakouts may be included depending on the crop.

Commodity coverage includes:

  • Grains:  Corn, Sorghum, Barley, and Wheat
  • Oilseeds:  Soybeans, Sunflowers, Rapeseed/Canola
    Meals:  Soybeans, Sunflowers, Rapeseed/Canola
    Oils:  Soybeans, Sunflowers, Rapeseed/Canola, Palm
  • Cotton
  • Rice
  • Biofuels:  Biodiesel & Ethanol
  • Sugar Beets, Sugarcane, and Sugar
  • Livestock:  Cattle, Swine, Beef, Pork, Broilers
  • Dairy:  Milk, Butter, Cheese, Skim Milk Powder, Whole Milk Powder (the dairy sector is modeled using trend analysis rather than partial equilibrium models)

Concept Coverage includes:

  • Supply Components
    • Crops:  Area, Yield, Production, Imports, Beginning Stocks
    • Livestock:  Breeding Herd, Market Animals, Calf Crop, Pig Crop, Slaughter Weight, Production, Imports, Beginning Stocks
  • Demand Components
    • Crops:  Food, Feed, Industrial, Exports, Ending Stocks
    • Livestock:  Slaughter, Death Loss, Food Use, Exports, Ending Stocks
  • Commodity Prices (except dairy)
  • Regional Crop Costs of Production for the United States, Brazil, Argentina, China, and India
  • Assumptions used regarding Real GDP Growth, Population, Inflation, Exchange Rates, Crude Oil Prices, and Policy.

Special Coverage

Within some geographies WAEES provides additional state coverage or additional concept coverage.  Please contact us for a complete list of specific availability for the following countries:

·         United States

·         Brazil

·         Argentina

·         China

·         India

·         EU-28

Historical Data and Forecast Horizon

WAEES uses USDA’s Production, Supply, and Disposition Estimates generated by the World Board and the Foreign Agricultural Service as the primary source of historical data for the quantities of supply and demand by commodity and country.  Some specific country data is taken from the Ministries of Agriculture within each country.  The December forecast will use historical data as available.  The WAEES forecast provides annual projections for each year through marketing year 2030/31.  Historical data is also presented as available beginning in 1980.

Product Deliverables

  • With each forecast, WAEES currently provides a large hyperlinked Excel spreadsheet containing the global forecast for all commodities and regions (over 700 tables).
  • An Access database
  • A written summary for each WAEES global forecast ranging between 50 and 75 pages is provided
  • A set of Power Point slides summarizing each forecast is assembled.


There are several options that clients can select from in subscribing to the WAEES forecast.  These options continue to evolve based on client requests, so if you need something unique to your situation, please let us know.

WAEES does not place any restrictions on the number of users within a company, however it is important that clients understand that the WAEES forecast is proprietary and is not to be distributed outside the client’s company.


Full Global Agricultural Forecast Executive Service

Forecast Horizon – Annual forecasts to 2030, released June and December

Includes all agricultural commodity and biofuels forecasts for all commodities and geographies, including:

  • U.S. Agriculture and Biofuels Service
  • Global Crops Service
  • Global Livestock Service
  • Global Biofuels Service
  • Global Dairy Service (Quasi-Trend Analysis – not partial equilibrium model analysis)
  • Regional Cost of Production Service

Agricultural Forecast Components

Forecast Horizon – Annual forecasts to 2030, released June and December
Fully integrated global partial equilibrium model solution

U.S. Agriculture and Biofuels Service:    Includes supply, utilization, and price tables for:

  • US crops:  corn, sorghum, barley, oats, wheat, rice, cotton, soybeans, soybean oil, soybean meal, sunflowers, sunflower oil, sunflower meal,  rapeseed, rapeseed oil, rapeseed meal, cotton, cottonseed, cottonseed oil, cottonseed meal, peanuts
  • US livestock inventory: cattle, hogs
  • US Biofuels:  ethanol, biodiesel, RINs
  • Milling products:  high fructose corn syrup, distillers grains, corn gluten feed, corn gluten meal, corn oil
  • US meat and eggs:  beef, pork, broilers, turkeys, eggs
  • US indexes of prices paid by farmers
  • Variable costs of production:  corn, sorghum, barley, oats, soybeans, cotton, rice, peanuts, cow-calf, farrow-to-finish
  • US farm income, receipts, and expenses

Global Crops Service:    Includes supply, utilization, and price tables for:
Global crops:  corn, sorghum, barley, wheat, rice, cotton, sugar beets, sugarcane, sugar, soybeans, soybean oil, soybean meal, sunflowers, sunflower oil, sunflower meal,  rapeseed, rapeseed oil, rapeseed meal, and palm oil

Global Livestock Service:  Includes:

  • Livestock inventory numbers:  cattle and swine
  • Meat supply and utilization numbers:  beef, pork, broilers
  • Live animal prices and meat prices in selected  countries

Global Biofuels Service:  Included in this service:

  • Ethanol supply and utilization numbers
  • Biodiesel supply and utilization numbers
  • Distiller grain production estimates
  • US Biofuels:  ethanol, biodiesel, RIN tracking
  • Biofuel prices in the US and Brazil

Global Dairy Service (Quasi-Trend Analysis – not partial equilibrium model analysis):  Includes:

  • Dairy cow inventory numbers
  • Dairy product supply and utilization:  milk, butter, cheese, non-fat dry milk powder, whole milk powder

Regional Cost of Production Service:  Includes variable cost estimates by cost category by crop for various areas for the following countries:

  • Argentina
  • Brazil
  • China
  • India
  • United States