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New Agricultural Data Tool Can Help Fight the Growing Food Crisis in Africa

/PRNewswire/ During the United Nations Security Council s session on Conflict and Global Food Security, Gro Intelligence s CEO, Sara Menker, spoke about the. ....

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How Bearish was the February USDA WASE Report?

March corn was trading up 10 cents a bushel and on contract highs when the USDA released the WASE Report at 11:00 Tuesday morning. About 8 minutes later corn was trading 20 cents below the contract high. That is what you could call volatility. Were the corn numbers that bearish? I guess at least traders and the funds think so!
The USDA did cut corn carryover by 50 million bushel while the average trade guess was a cut of 250 million. So, compared to the trade guess it was bearish. But, how bearish? Even with the current USDA corn carryover projection we have the lowest, or tightest corn carryover in seven years! Plus, the USDA is projecting the corn carryover of 1.5 billion bushel at the end of the marketing year which is August 31, 2021. That is a long time and a lot can happen between now and then. ....

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