WASDE Exports are only up 50mm after the recent Chinese purchases
“The USDA released the Feb WASDE at 11 a.m. Central and it was disappointing for the corn bulls,” reports Daniels Trading Senior Commodities Broker Craig Turner, author of Turner’s Take newsletter, and the host of Turner’s Take podcast. (To read the full report please click here.) “The USDA only increased exports by 50mm bushels. That only reduced ending stocks to 1.502 billion bushels for old crop corn. Soybeans were more in line at 120mm bushels, which is very close to the minimum pipeline supply.” Q4 2020 hedge fund letters, conferences and more Initial Thoughts On The Feb WASDE"Below is a ...