USDA REPORT BUST

AUDIO COMMENTARY & REPORT RECAP

  • USDA was full of nothing

  • USDA kicks the can down the road

  • Unsurprisingly yield left unchanged

  • Some moisture in the forecasts

  • Leaving yield unchanged might have been better than lowering it

  • USDA yield is still very unlikely

  • Will they be more aggressive a month from now

  • If it’s dry a month from now..

  • Today provided opportunity

Listen to today’s audio below


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THE NUMBERS

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NAVIGATING THE USDA REPORT & DROUGHT

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GRAINS STRONG AHEAD OF REPORT