August WASDE

[charliep]

August USDA world and US supply demand information released today. No major surprises that I can see at first quick glance.

[URL="http://usda.gov/oce/commodity/wasde/latest.pdf"]Aug WASDE[/URL]

[SASKFARMER3]

So on spring wheat is their yields good because heir counting Canadian wheat shipping tools in uaa

[errolanderson]

Charlie, the only surprise was how USDA appeared to sandbag the average corn yield at 167.4 bushels per acre. The trade average guess was 170 bu/acre.

But USDA is known to low-ball yields until Nov to Jan period.

Global 2014-15 wheat ending stocks continue to swell which suggests wheat prices may be flat-lined for a spell.