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Tuesday, September 16, 2014

September WASDE – Production continues to rise

By Angus Brown  |  Source: USDA, CME

Friday’s WASDE report saw wheat production estimates continue to rise as harvest continues across the northern hemisphere, while benign weather saw corn and oilseed production prospects increase as well. While some increases in production estimates were priced into the market, the USDA pegged them higher, pushing markets further into the doldrums.

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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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