July 11th WASDE Report
On Thursday, July 11th, the U.S. Department of Agriculture (USDA) World Agricultural Supply and Demand Estimate (WASDE) Report. By most estimates from commodity market analysts, the report continues to lack sufficient data related to actual numbers related to the 2019 crop year, which has seen major impacts due to weather. It’s expected that next month’s report could be more accurate representation of estimated acres and projected yields for U.S. crops. The report did show areas in Russia, Europe and India where dry conditions are expected to reduce yields.