News & Publications
August 15, 2023 |
Behind the numbers in last week’s supply and demand report
Lower U.S. corn and soybean production and new crop ending stocks highlighted the USDA’s August 11 supply and demand report. Immediately following the report, futures prices for corn and soybeans soared but subsequently collapsed to finish lower at the close of trading.
This is yet another reminder that prices are unpredictable and disciplined management of price volatility is an excellent way to defend your balance sheet.
