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Tuesday, August 19, 2014

August WASDE maintains bearish pressure

By Angus Brown  |  Source: CME, USDA

The major change in the August World Agricultural Supply and Demand Estimates report from the USDA was an 11% increase in Russian wheat production. The Ukraine and China also had their production figures upgraded, but the changes in all markets were largely anticipated by the market, so prices were largely unchanged.

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Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report. 

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