Analysis

USDA soybean estimates a surprise

By Malcolm Bartholomaeus
Updated April 5 2021 - 10:39am, first published 10:11am
USDA soybean estimates a surprise
USDA soybean estimates a surprise

Last week the United States Department of Agriculture published its March Grain Stocks and Planting Intentions Reports. The market was on the defensive before those reports. The downward bias was not helped by favourable weather conditions in most global wheat growing regions, with the exception of spring wheat areas in the United States and Canada.

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