The January WASDE report typically moves the market with traders reacting to the final year-end numbers for production and supply. After a bearish report was released last Friday, the commodity markets have seen price movement to the downside in both corn and soybeans.
Despite the decline in both corn and soybean prices this week, Joe Camp with CommStock Investments says there could be a silver lining to be found in the commodity markets.
Camp says that he is already projecting further cuts to Brazilian production estimates in the next USDA report.
Camp says that the absence of supply surprises in future reports also makes it easier to project what could happen.
That was Joe Camp of CommStock Investments visit www.commstock.com/ for more information.
