On Thursday, October 10, the US Department of Agriculture released its October World Agricultural Supply and Demand Estimates report. The monthly message from the USDA is the gold-standard when it comes to fundamental data for grains and other agricultural products.
Since the final day of September, the prices of soybeans, corn, and wheat futures markets have been recovering. Cotton is sitting at just over 61 cents per pound. Cattle and hog prices have also been trending towards the upside over the past weeks.
The WASDE report put more meat on the fundamental bone of the