Today (May 9) is USDA first crack at 2014 supply demand information. Tighter old crop soybean and corn carryovers. Flip into new crop with at this point growing carryovers.
[URL="http://usda.gov/oce/commodity/wasde/latest.pdf"]WASDE[/URL]
My take home is the old crop soybean S&D. Will impact canola/potentially make it the priority for movement. I also highlight they are using a 165 bu/acre corn yield - pretty high. New crop feed grains have potential.
[URL="http://usda.gov/oce/commodity/wasde/latest.pdf"]WASDE[/URL]
My take home is the old crop soybean S&D. Will impact canola/potentially make it the priority for movement. I also highlight they are using a 165 bu/acre corn yield - pretty high. New crop feed grains have potential.