On Friday, February 8, the USDA released its first World Agricultural Supply and Demand Estimates report for 2019. The January report was a casualty of the government shutdown.
The agricultural markets greeted the report that outlines the latest supply and demand fundamentals with little more than a yawn. The February report comes at a time when farmers in the United States are making plans for the 2019 crop. The supply and demand information supplied by the USDA is the gold standard when it comes to market fundamentals in many agricultural markets. Meanwhile, farmers are watching