National Ag News
No big surprises in USDA’s supply-demand report
Jun 9, 2017, 16:04 PM
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System
There were no major surprises in Friday’s supply and demand estimates.
Allendale analyst Rich Nelson says the USDA took a “half-step approach” to needed changes on the balance sheet for soybeans.
“They did recognize some old crop supply issues. Certainly raising the Brazil crop to 114 million tons was deemed as a little negative,” Nelson says. “But they saved any further changes on the soybean balance sheet for possibly another couple months.”
Nelson says there were no changes to speak of on the corn side.
Continue reading No big surprises in USDA’s supply-demand report at Brownfield Ag News.
