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The May WASDE report is the first look at the new crop balance sheets. As old crop demand continues to be an area of concern, the trade was watching to see how aggressive USDA would be with new crop supply and demand.
Markets digest record corn and soybean production in the May WASDE. With abandoned acres, winter wheat is the bullish surprise.
AgDay TV Markets Now: John Heinberg with Total Farm Marketing explains the market reaction to the bullish wheat surprise and bearish corn and soybean numbers in the WASDE Report.
Market Watch is a weekly overview of news driving price action in the ag commodities. It is intended as informational and is not trading advice or to be used in that fashion.
Thanks to some cinder blocks and an online fitness community, Amanda found a renewed purpose in the farm community and a new lease on living a physically and mentally healthy life.
Winter wheat’s rally held up corn with ending stocks at a bearish 2.22 billion bushels. How low do soybeans go to price in a 335-million-bushel carryover? John Heinberg, Total Farm Marketing, shares his insights.