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USDA Getting Ready for New Round of Crop Estimates and Market Forecasts

Traders will be watching closely this Thursday when USDA comes out with its latest round of crop production estimates and supply and demand forecasts. (Gary Crawford and Seth Meyer)

 

 

Source: USDA


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Trump's post this week that China would buy an additional 8 mmt of U.S. soybeans was a “game changer” near-term. The plunge in Bitcoin down 50% from the highs may no longer be considered a “digital” gold. It has followed the selling in tech this week with the NASDAQ down 7%. The 45Z announcement provided more clarity and guidance resulting in higher soyoil futures. Next weeks USDA February crop report is historically a non-event and more.