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USDA Releases Dec WASDE Report

The USDA is still projecting corn production at 13.66 billion bushels, while soybean production is expected at 3.55 billion.
 
Tuesday's WASDE report also left yields unchanged, with the average corn yield pegged at 167 bushels per acre, with soybeans at 46.9.
 
Revised crop estimates for 2019 will likely be seen in next month's WASDE report, due to the millions of bushels of grain still unharvested.

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Higher Crude Oil Futures for Longer = Stagflation?

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Fears are starting to grow that higher crude oil futures for longer could see slower economic growth and higher inflation BUT…. At a meeting in Paris, the Chinese team said they would be willing to buy more non-U.S. soybean row crops???? Trump's delay with the Xi meeting (pushed out to end of April) was replaced with the Ag Appreciation Day” on March 27th, 2026. A dry weather pattern for the Central Plains/U.S. winter wheat country causing are wildfires in NE and breaking record temps for March. Stocks are officially in a correction as funds continue to sell the metals to buy energy and ag + more.