April WASDE Report and Ceasefire and Fertilizer
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**Other than higher-than-expected wheat stocks, not many surprises in the April World Ag Supply and Demand Estimates from USDA.
The 2025-26 wheat outlook is for slightly higher supplies, marginally lower domestic use, unchanged exports, and higher ending stocks.
The season-average wheat price rose a nickel to $5.
Corn is unchanged with the season-average corn price also up 5 cents at $4.15 per bushel.
Soybeans are forecast at $10.30 per bushel, up ten cents.
**The Dairy Calf & Heifer Association’s Annual Conference and Trade Show revolved around the theme “Connect. Collaborate. Cultivate.”
Held in Tucson, April 7-9, the event drew nearly 350 members from 20 states and eight countries.
Attendees learned about workforce development, certification and auditing, artificial intelligence for dairy calf management, alternative forages for heifers, calf milk replacer formulation trends, metrics for heifer growth, health and reproduction, and cattle transportation.
**In the wake of a two-week ceasefire between the U.S. and Iran, what does that mean for fertilizer prices?
Farm Progress says the deal does include a commitment from Iran to allow the reopening of the Strait of Hormuz, but that doesn’t mean fertilizer shipments immediately restart.
“Even with the Strait technically open,” Farm Progress reports, “cargo may face delays and elevated war risk, so normal trade resumption could take weeks or months.”
