Farm Progress is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Serving: United States
midweek-markets-alt-1540x800.jpg

How WASDE wobbled grain prices

Farm Futures takes a deeper dive into the latest supply and demand data from USDA. (audio)

USDA’s latest World Agricultural Supply and Demand Estimates (WASDE) report, out May 12, jostled the grain markets in some interesting ways. Corn prices actually firmed Tuesday, despite generally unsupportive data from USDA. But the data triggered some technical selling that pushed soybean and wheat contracts into the red.

The agency’s latest crop progress report also underlined some interesting trends unfolding this spring – including a much faster-than-normal corn and soybean planting pace, as winter wheat crop quality continues to show plenty of volatility.

What does it all mean for grain prices moving forward? Ben Potter and Jacquie Holland took a look at all of the latest numbers to give you a clearer picture of what’s going on right now:

 

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish