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The World Agricultural Outlook Board's August 2019 WASDE report updates world and US supply and demand forecasts for grains, oilseeds, cotton, sugar, meat and milk as of August 12. It highlights changes from July and weather effects in Russia, Ukraine and Europe.
The summary does not give specific figures.
The WASDE sets the benchmark for global balance sheets, so its revisions to production and ending stocks drive price expectations across feed grains and oilseeds.
policycommons.netAug 12, 2019After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
