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BALB - Agricultural Commodities Post The November WASDE Report
Barclays Bank PLC
On Friday, November 8, at noon EST, the US Department of Agriculture released its November World Agricultural Supply and Demand Estimates report. The monthly WASDE is the gold-standard when it comes to supply and demand data for the markets that feed and clothe the world.
The November WASDE came one day after the news that the US and China made significant progress on a “phase one” trade agreement. A deal on trade that de-escalates the trade war and ends the cycle of tariffs and retaliatory measures are welcome news for the agricultural commodities.