World Perspectives
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USDA Report Preview

USDA will revise winter wheat yields and, perhaps, harvested acres.Some downward adjustments in the world wheat crop are also possible with a great deal of ongoing chatter about dryness in several wheat-producing countries/regions.The monthly WASDE will be released at noon (EDT) Wednesday. There could be changes to acreage and yield estimates, but we doubt any will be made to those of corn and soybeans. It is too early for yield estimate adjustments, and USDA will release its latest acreage numbers on 30 June. Thus, any changes in planted acres will be reflected in the July reports.USDA will revise winter wheat yields and, possibly, harvested acres. The table below indicates that analysts aren't expecting any major changes this week. The wi...

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Market Commentary: Easing But Not Ending Novelty and Risk

There were more modest volumes trading in today’s session, perhaps reflecting growing resilience and circumspection about geopolitical uncertainties. The trade has had an ample opportunity to react to the modest changes in USDA’s March WASDE report, and there is still plenty of expe...

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