Wednesday, April 9, 2014

Reactions to the USDA's World Agricultural Supply Demand Estimates Report (WASDE)

From Inside Futures:

Grain Charts - reaction after USDA Report 
The USDA Supply Demand Report was released about 12 minutes ago.

Here are 5 minute bar charts on soybeans, corn and wheat.

The grains had risen up days prior in the hopes of a bullish report from tight demands.  After the report, there was an initial pop that is now starting to fizzle as funds are locking in profits and selling the news.
grainsHere's the USDA:
World Agricultural Supply and Demand Estimates Report (WASDE)