Markets starting to reveal new demand paradigms — this week in the grain markets



Grain markets ended the Easter-shortened trading week with some heavy data and policy dumps, notably from the USDA and OPEC. On Thursday, April 9th, we got the USDA’s monthly WASDE report, although these estimates were largely discounted even going into the report given the ongoing COVID-19 related demand fluctuations. For the most part though, grain prices on the futures board were able to find positive gains relative to last Friday’s close. Conversely, the meeting between OPEC and Russia was watched with bated breath by the world to see if they were going to cut production or not. In it, OPEC…

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