May WASDE Preview: Room For Movement In Markets

May WASDE Preview

As farmers plant a new crop, demand is a concern.

The next World Agricultural Supply and Demand Estimates (WADSE) will be released on May 10, and farmers and traders are waiting for the report that will give the first glimpse of the 2018/19 balance sheet, according to Mike North, president of Commodity Risk Management Group.

According to North, corn acres have been “somewhat static” while demand has increased.

“Everyone’s going to be watching to see how aggressive [the USDA is]on the three big fronts for corn,” he told AgDay host Clinton Griffiths.

Those fronts: ethanol, feed and exports.

Hear North’s full analysis on these three fronts gearing up for the June acreage report on AgDayabove.