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USDA Oct 12th Supply/Demand Recap

Report Highlights

  • USDA Corn and Wheat data near expectations 
  • USDA est of US Soybean crop and carryout lower than expected
  • USDA raised China Soybean imports
  • Corn and Wheat prices down on demand worries
  • Soybean futures should trend lower on talk of record 2023 South America crops

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Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

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