USDA experts say competition from Brazil is casting a shadow on this year’s U.S. record corn crop, lowering trade demand for exports as well as the prices.
Weather’s Impact on Crop Yields Sparks Market Speculation Ahead of WASDE Report
The USDA just released the latest WASDE report for June, which our markets specialist say is mostly consistent with expectations.
The markets are eagerly awaiting this month’s WASDE report with weather expected to play a big role in that USDA forecast.
Analysts are bracing to issue another round of market forecasts amidst growing uncertainties.
The latest WASDE numbers will be released Wednesday.