News  Agriculture  Crops

Analysts react to bearish WASDE report

July 12, 2023 12:40 PM • 
Ashlee Pitzl

The agriculture commodities responded immediately to USDA’s bearish WASDE numbers released Wednesday at noon Eastern. Corn, beans, and wheat all dropped significantly.

StoneX analyst Arlan Suderman said the numbers even surprised him. He was expecting a bullish balance sheet, but says, “USDA found a way to make it bearish.”

Watch his exchange with Market Specialist Scott The Cow Guy Shellady, just 20 minutes after the numbers were released.

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