Previewing Friday’s USDA reports

by | Jul 10, 2024 | 5 Ag Stories, News

The July WASDE report will be published on Friday by the USDA and will feature data based on the new supply and demand numbers. The report is released monthly and provides annual forecasts for supply and use of U.S. and world wheat, coarse grains, and oilseeds.

Traders are preparing for the latest WASDE report which will be released at 11AM central time on Friday July 12th. USDA Outlook Board Chairman Mark Jekanowski says that the report will feature new information that is impactful for analysts.

The export forecast will change based on recent export sales and domestic supply numbers, says Jekanowski.

Also, on Friday the USDA will publish its new forecast based on the winter wheat crop.