Written Commentary
Report Highlights
- USDA failed to make big enough changes for the bulls or bears
- USDA dropped US corn exports and increased US soybeans
- USDA still is not adjusting for lower South America corn supply
- USDA also not adjusting for lower Black Sea wheat and corn exports
- Managed funds liquidating grain longs due to big losses in equities and commodities
- Key now is US summer weather
Infographic
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