March WASDE not impactful — this week in the grain markets

by

Opinion

Grain markets were served up a monthly WASDE report on Friday, March 8th, but the numbers didn’t bring any new bullish feelings to the table. Most of the numbers that the USDA produced were either pretty close to their February WASDE number, or the pre-report estimate (which, as you can tell for yourself below, were not too far from last month’s WASDE number either! For me, the market that saw the most surprising change to its numbers was in corn. U.S. 2018/19 ending stocks were raised 100 million bushels thanks to exports being reduced by 75 million bushels and ethanol…

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