On Friday, March 8, the USDA released its second World Agricultural Supply and Demand Estimates report of 2019. The January report never materialized because of the month-long government shutdown, but in the aftermath of the February report, the prices of grains moved lower while cotton posted a small gain and meats went in opposite directions.
The March report is one of the most closely-watched releases of the year as farmers and ranchers are preparing for the 2019 season. The planting season across the fertile plains of the US and in other countries in the northern