The watch is on to see how USDA analysts account for the war in Ukraine, since it is impacting the breadbasket of Europe, both in the short and long run. To view this email as a web page,
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Add USDA’s supply and demand (WASDE) report to the market frenzy and let’s hope the World Board is more adept at looking ahead than their last report which was way too high on Brazil’s soybean production.
And what about USDA’s baseline estimates? Ditto for USDA’s recently released food price forecast which like so many things in Washington are several months behind reality. We should also mention USDA’s farm income forecast. Sign up for an easy 1-month trial and get our instant reaction, analysis and recap of today's reports.
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