USDA kicks the can down the road. Weather concerns in Brazil and Argentina keep the market alert as the Chinese could soon be back!
11 Mar 2021
There is always a one-month time lag between the USDA figures and the latest market developments. This tradition was respected once again this week. The USDA March stocks were left, yet again, largely unchanged for corn and soya. This came as a surprise and a disappointment for bulls. The gap really came from the S. American situation where both Brazil and Argentina are facing very adverse weather conditions. Nevertheless, price reaction has been very limited as, with current low stock levels...
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