Markets found little to get excited about in today’s WASDE report, leaving traders looking ahead to next week’s Ag Outlook Forum for potentially more directional influence. Meanwhile, in the cattle complex, the tone shifted this afternoon as traders chose to sell the rallies.
For soybeans, USDA basically held the balance sheet steady in this report, with no major changes to U.S. soybean production, crush, or export forecasts. USDA increased U.S. corn export projections by about 100 million bushels for the 2025-26 marketing year, reflecting stronger demand overseas.
Tuesday Market Wrap Up with Mike Zuzolo with Global Commodity Analytics…
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