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USDA November WASDE Overview

USDA WASDE Overview The November USDA WASDE provided support to both grain and oilseed markets. Corn While the majority of the November WASDE changes were expected, there were some key surprises, leading to a rally in US corn futures. Ukraine – Following the unfavourable conditions for maize, private estimate for…

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October USDA WASDE Highlights

The October USDA WASDE is viewed as the first relatively accurate representation of northern hemisphere grain and oilseed supply, combined with growing confidence in the outlook for the southern hemisphere. Wheat / Barley The October USDA WASDE finally upped Russian wheat production estimates to 83MT, in line with market expectations.…

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September USDA WASDE Highlights

September USDA WASDE Overview Following the storms in the US and production concerns prior to harvest, this September USDA WASDE is an essential benchmark for how global markets trade. The much-awaited September USDA WASDE has confirmed views that up to 10MT of US corn production has been lost following the…

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August USDA WASDE highlights

Corn / Maize The August USDA WASDE increased the 2020/21 US corn production estimate by 7MT to 388MT, with ending stocks up 2.7MT to 70MT. Adding further bearish tones to US corn have been reductions in EU ethanol production. Production of Ethanol fell last week to 918KBbl per day, down…

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