News Details

2019 May USDA WASDE- not friendly, but futures more keen on trade deal news.19/20 U.S. corn carryout at a big 2.485 bil bu, soybeans close to 1 bil bu

(May 10, 2019)
...U.S. 19/20 wheat carryout higher Y/Y. 2019 U.S. wheat output at 1.897 bil bu was below trade expectations. 18/19 Brazil corn output higher at 100 MMT (from 96), Argentina higher at 49 MMT (from 47). All contributing to bigger world grain stocks!
Maurizio “Moe” Agostino
Moe is the Chief Commodity Strategist. He is responsible for developing plans and assisting clients in the feed, grain and livestock industry to help them protect themselves from commodity price swings. Moe holds a Derivatives Market Specialist (DMS) designation as well as an Honors Degree in Business Administration. Moe has more than 15 years of financial services industry experience.