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USDA Releases WASDE Supply & Demand Report

USDA released its WASDE report for the month of may. You will find it on below given link.
http://www.usda.gov/oce/commodity/wasde/latest.pdf


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Next week’s USDA reports (acreage/stocks) could be a surprise/market moving. RVO’s (new blending biofuel requirements) were as expected with no big surprises and already baked into futures. E15 summer waiver just simply good optics. Markets are skeptical that the war in Iran ends soon with no diplomatic off ramp. The Trump/Xi meeting in China now May 14 – 15. March 1 USDA hogs and Pigs report was friendly/bullish + CFTC and more.