By Ben Potter
Farm Futures
The March 2021 World Agricultural Supply and Demand Estimates (WASDE) report was largely expected to be a bit of a sleeper. But keeping true to form over the past year, USDA surprised markets by forecasting higher Brazilian soybean production instead of slightly lowering that total. The World Agricultural Outlook Board (WAOB) added 36.7 million bushels of output to Brazil’s soybean crop.