BALB - Agricultural Commodities In The Aftermath Of The Final WASDE Report Of 2019
On Tuesday, December 10, at noon EST, the US Department of Agriculture released its final World Agricultural Supply and Demand Estimates report for 2019. The 2019 crop year ended weeks ago, so the December report is a final tally for the year of production, inventories, and demand and export trends.
Meanwhile, the ongoing trade war between the US and China trumped the USDA data throughout 2019. No significant weather event in the US or around the world caused any problems with crops, so there were sufficient agricultural products to feed the world.
Each quarter, the