Morning Report

Sep 23rd , 2020   A problem is a chance for you to do your best. – Duke Ellington USD/MT 09-23-2020 09-22-2020 […]

August, WASDE Pre-Report – Soybean, 2020

With just a few weeks to go before the old crop campaign is completed, few anticipate any serious
revisions to the US and/or the World soybean matrixes. In the US, the crush may be raised between 10-
15 mil bushels,[…]

August, WASDE Pre-Report – Wheat, 2020

While the 2019/20 MY US crop numbers will not likely see any changes, the World wheat complex is always a fluid matrix for the WASDE Board, as they adjust and readjust continually to ‘make the numbers work’. Still, outside of a few minor revisions […]

August, WASDE Pre-Report – Corn, 2020

The US corn market is in the final weeks of the 2019/20 MY, and there could be a few minor tweaks to the old crop balance sheet – although nothing as major as last month’s June-stocks report induced revisions. Still, despite some recent sales to China for old crop slots, more than a few analysts expect a small cut in the export shipment projection; we use unchanged. […]

March 2020 WASDE Report Reaction

The March WASDE is a report published because it is required to be published by law. In the current macro environment, it is unlikely that any revision offered today will have any dramatic significance for the wheat, corn or soybean markets. We offer some very basic notes in this short pre report note. […]

February 2020 WASDE Report Reaction

February WASDE Report Reaction
Last year, the Feb WASDE was a Pretty Big Deal; the closure of the US government resulted in no
January (2019) WASDE, so the February 2019 report was basically a ‘two-fer’ – two months of revisions
at one time. With the timely release of the January 2020 WASDE, this year’s Feb report will not likely
have as large of an impact, […]

December WASDE Preview – Wheat, 2019

The December WASDE report seldom offers significantly new inputs for the US balance sheets; occasionally, we see some compelling revisions, […]