WASDE Reports
According to USDA experts, Brazil and Argentina’s large drop in corn production has more to do with the economics of corn markets than impacts from weather.
The Outlook Board Chairman Mark Jekanowski says they will be focused on production prospects for competing crops in South America and the market situation for last season’s crops.
The USDA’s latest crop forecast for corn and soybean production will impact U.S. producers as well as make an impact on global trade.
USDA experts say competition from Brazil is casting a shadow on this year’s U.S. record corn crop, lowering trade demand for exports as well as the prices.
Weather’s Impact on Crop Yields Sparks Market Speculation Ahead of WASDE Report
This month marks a significant milestone as the U.S. Dept. of Agriculture’s (USDA) World Agricultural Supply and Demand Estimates (WASDE) Report celebrates its 50th anniversary.
The USDA just released the latest WASDE report for June, which our markets specialist say is mostly consistent with expectations.
The markets are eagerly awaiting this month’s WASDE report with weather expected to play a big role in that USDA forecast.
