30 July 2015 | Online since 2003

Drought Overshadows USDA Reports




29 June 2012| Viewed 1234 times

Drought Overshadows USDA Reports



 Rabobank’s assessment of the USDA’s 29 June Acreage and Grain Stocks reports



The USDA Acreage and Grain Stocks report were both relatively neutral, which will leave markets continuing to trade on drought conditions in the US. Acreage estimates were raised for grains and oilseeds from the March Prospective Plantings report, but the market is far more focused on weather conditions and the potential impact to final yields. Grain stocks were roughly in-line with trade estimates showing no surprise to current season demand expectations.



Download Drought Overshadows USDA Reports


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