September WASDE resets goalposts — This week in the grain markets

by

Opinion

Grain markets continued to push higher, led by corn and soybean prices, as a friendly September WASDE report continue to bring more bulls to the table. Going into the report, the complex was focusing on demand line items and supply updates after a tough August of weather, and while the latter was recognized a bit, the USDA did leave the door open for more demand increases down the road. Accordingly, soybean prices continue to reach new two-year highs, including briefly climbing above $10 USD/bushel on the futures board before settling just below it.   Before digging further into the September WASDE report, grain markets were…

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