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Wednesday, May 11, 2016

WASDE: Bearish for wheat, bullish for canola

By Andrew Whitelaw  |  Source: USDA

The USDA released their May world agricultural supply and demand estimates (WASDE) last night. The report is the first release to provide estimates of the 2016/17 crop. In this piece we look at the report, and how it provides positives for canola but very little comfort for wheat growers.

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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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