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Thursday, March 13, 2014

WASDE report disappoints market bulls

By Angus Brown  |  Source: USDA, CME, ICE

The United States Department of Agriculture (USDA) released their monthly World Agricultural Supply and Demand (WASDE) report on Monday night, with little change in terms of supply and demand for corn and wheat. However the market was expecting downward revisions and, as such was slightly lower on the steady forecast.

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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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