Mar 16, 2018 11:48 AM
Trends change. Some take longer than others, but they do eventually change. In the Feb. 8 World Agricultural Supply and Demand Estimates (WASDE) report, USDA changed a trend. The department has underestimated global soybean demand in recent years, causing analysts to progressively increase estimated U.S. exports in the winter. That trend not only ended but reversed in February.