The April WASDE report lined up with the market expectations and made virtually no changes this month. However, that’s not to say that the report did not contain valuable information moving forward. Allendale commodity broker Greg McBride said the April WASDE included a few offsetting changes in the soybean markets.
McBride said the bearish news in this report came from the wheat numbers.
The U.S. Export Sales report also came out today, and McBride said it showed another strong week of corn sales.
McBride said we want to continue to see these strong corn exports in an effort to lower the ending stocks numbers.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
