November 8 WASDE Report

On Thursday, November 8th, the U.S. Department of Agriculture (USDA) released a new World Agriculture Supply and Demand Estimate (WASDE) Report. The report offered some estimates that were bullish mostly as they relate to lower U.S. production estimates, but in some cases those numbers were offset by production and stocks revisions related to China. This was especially the case with corn.

More below:

https://www.usda.gov/oce/commodity/wasde/latest.pdf

https://www.usda.gov/oce/commodity/wasde/Secretary_Briefing.pdf

https://www.agweb.com/farmjournal/article/chinese-corn-stocks-drive-wasde-buzz-nearly-double-world-stocks/

https://www.agweb.com/article/wasde-exports-reduced-practically-across-the-board/

http://www6.intlfcstone.com/arlan-suderman-webinar/?utm_source=PardotCampaign&utm_campaign=Webinar&utm_medium=email&utm_content=Arlan-Suderman-Webinar

Global Markets: Grains – Chinese Stocks Swell on Production Revisions

 

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