Tag: WASDE

Soybeans rally as USDA cuts production by all of 422 bushels

The USDA released its monthly World Agricultural Supply & Demand Estimates (WASDE) report today. Here’s a summary from Matthew Pot, author of Grain Perspectives: Corn: Corn futures increased by 3 cents today after the USDA threw a curve-ball by increasing corn yields well above the market expectations. The average trade estimates were between 169.7 and 169.9… Read more »

Weather Forecasts, Crop Ratings and WASDE — This Week in the Grain Markets

Five, ten and fifteen day weather forecasts are all the rage these days as mathematical models built by market players (hedge funds and commercials) start to calculate the effects of rain, soil temperatures, and any other data point that you can think of. Some cooler, wetter weather is being forecasted for the American Midwest this week,… Read more »

USDA Report “Not As Bearish As Expected”

Corn and wheat futures moved higher, while soybean values dropped following the release of the U.S. Department of Agriculture’s November crop production and supply/demand estimates on Monday morning. The numbers were not as bearish as many traders and analysts were expecting, says Mike Krueger, president of The Money Farm, in the interview above. “People thought… Read more »