January WASDE Holds Bullish Surprises wnax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wnax.com Daily Mail and Mail on Sunday newspapers.
USDA today released its January Crop Production, World Agricultural Supply and Demand Estimates (WASDE), Quarterly Stocks and Winter Wheat Seedings reports. WHEAT: The outlook for 2020/21 U.S. wheat this month is for stable supplies, higher domestic use, unchanged exports, and lower ending stocks. Feed and residual use is raised 25 million bushels to 125 million [.]
The U.S. Department of Agriculture released its January Crop Production, World Agricultural Supply and Demand Estimates (WASDE), Quarterly Stocks and Winter Wheat Seedings reports on Tuesday. The grain market rallied, with corn settling at limit gains, following the release of the January WASDE report. Jeff Peterson with Heartland Farm Partners breaks down the reports and [.]
USDA is preparing for a data dump of sorts on Tuesday. The World Agricultural Supply and Demand Estimates (WASDE), Crop Production, annual Crop Production, Grain Stocks, Winter Wheat Seedings, and six other reports will be published in the 12 o’clock hour.
It’s tough to say what the biggest report will be, but Brian Basting of Advance Trading, Inc. is keeping an eye on several of these, including the final size of the 2020 corn, soybean and wheat crops.
“The trade estimate that came out the end of last week are looking for slightly smaller production estimates for corn and beans,” he said. “About 15 million bushels smaller on soybeans and about 75 million bushels smaller in corn.”