Independent Agri Commodity Insights
Our full opinions and analysis of the WASDE will be published in next week’s weekly reports, get in touch for subscriptions. Following the January WASDE, markets have had a mixed reaction, initially falling after the release before recovering. On the whole, a slightly bearish WASDE for corn and wheat with…
The start of 2021 has continued to fuel the grain and oilseed rally in price. Markets are fully focused on the tight supply as we move through Q1 and toward the South American harvest. Supplies in the US are the tightest in multiple years following a record pace of export…
Our view of the USDA December WASDE Wheat In terms of wheat, the December USDA WASDE has been largely overshadowed by the possibilities of an export tax being placed on Russian wheat later this season. The changes in the December WASDE were largely expected with Australian production increased to 30MT…
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…
The USDA shocked the market at the very end of September, releasing stock estimates far below market expectations. Surveying 62.5K producers for on farm stocks and commercial operations, the USDA 1st of September stocks for corn, soy and wheat were expected by analysts to be far larger than the survey…