Better Supply Prospects Forecasted in Latest WASDE Update

Monday, 15 July 2024, 15:46

The recent WASDE report revealed optimistic news for the grain markets, with significant improvements projected for the supply of wheat and corn in the upcoming period. Of particular note were the unexpected upward revisions in the 2023/24 US ending stocks for corn and soybeans, leading to reduced 2024/25 ending stocks. These developments signify potential opportunities and challenges for traders and investors to consider in their strategies for the near future.
Seeking Alpha
Better Supply Prospects Forecasted in Latest WASDE Update

Key Points:

A surprise for the market was the larger-than-expected revisions seen in 2023/24 US ending stocks for corn and soybeans, which also meant lower 2024/25 ending stocks.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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