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USDA Data


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10

December Supply & Demand

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No Surprises in December Report

The USDA Report had only a couple small changes. U.S. wheat ending stocks were down 40 million bushels but still the biggest in 5 years. World wheat ending stocks increased 1.2 million tons to a record 289.5 million tons.

Traders paid little attention to the numbers maintaining their relaxed approach to prices. Our system continues to prep us to be ready for a Sell Signal.

 https://www.roachag.com/Portals/0/Wasde/dec19wasde.png

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These data and comments are provided for information purposes only and are not intended to be used for specific trading strategies. This commentary is written as a daily marketing tool to help farmers sell the grain they raise. Although all information is believed to be reliable, we cannot guarantee its accuracy or completeness. Past performance and testimonials are not necessarily indicative of future results. Commodity trading involves the risk of loss, and you should fully understand those risks before trading.