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Tuesday, March 17, 2015

WASDE cuts corn supplies, but price support short lived

By Angus Brown  |  Source: USDA, CME

While revisions for wheat in the March WASDE report were marginal, they were unexpected, providing some support to the market. Corn also received some bullish news in the last stand-alone 14-15 report before the USDA starts to publish figures for 15-16 in April.

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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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