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(May 10 2012) Exclusive to GEOnomic Investing The United States Department of Agriculture released its monthly supply-demand report for major crops today, and the corn and cotton reports came as a shock to analysts and sent prices on a downward spiral. The USDA unexpectedly raised its forecast for near-term corn supplies, and projected a record corn [...]
Wheat futures fell this month, and were on track to post a 6.2% loss over the first quarter until the USDA released its U.S. crop supplies analysis on March 30th; the last trading day of the month, wheat surged 5.2% to $6.44 a bushel, its steepest one day rally in 6 months after the [...]