Following last week’s Quarterly Grain Stocks Report, attention now turns to the October WASDE report which will be published by USDA at 11 a.m. central time on Friday. Greg McBride is a commodity broker with Allendale, and he says that we could see back and forth trade this week following the grain stocks report and leading up to the WASDE report.
McBride says that the yield numbers in Friday’s report will be the most impactful.
He adds that grain quality concerns are also a major storyline heading into this week’s report from USDA.
For more information visit https://www.allendalehub.com/.
