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USDA published an explainer on how its agencies, including ERS, AMS, FAS and FSA, collaborate to produce the monthly WASDE report and related market data. The piece describes the estimation process and does not add any new production or price figures.
It describes the process behind official data without new numbers, so it does not move feed or grain prices.
usda.govMark Jekanowski Deputy DirectorFeb 21, 2018After 303 past report events, OATS moved a median -0.0% over 5 sessions (50% higher; middle half -2.9% to +3.4%), and -0.3% 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.
