The February WASDE will be released this coming Tuesday and ahead of it USDA’s Office of the Chief of Economist (OCE) issued an explanation of how upcoming WASDE reports will integrate projections of the China trade agreement. The coronavirus situation has put some of the big expectations in doubt but that makes the monthly WASDE forecasts potentially more important. The Phase Onr deal between the U.S. and China goes into effect on 14 February, 30 days after its signing in January. Tuesday’s WASDE report is the first one that could incorporate data from the expanded China deal. According to OCE, “publicly available information and data pertaining to the agreement” will be reflected in the February WASDE and su...
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What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...