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On Tuesday, April 9, the US Department of Agriculture will release its April World Agricultural Supply and Demand Estimates report which comes at a time when farmers should be planting the 2019 crops in the northern hemisphere. The old saying that April showers bring May flowers is significant for producers of agricultural commodities as the seeds need just enough moisture during the planting season to take root. However, this spring, the level of moisture has been a cause for concerns.
The April WASDE report will provide market participants with the latest data on the US