USDA dropped the WASDE and World numbers this morning, and the big headline is corn. No changes on domestic soybeans or wheat, but USDA did make a notable adjustment to the corn side of the ledger. Beef imports also grabbed attention as analysts broke down the report.
We roll straight from WASDE into a FED meeting week, with tomorrow’s rate announcement widely expected to bring another interest rate cut. That decision could ripple through commodities and currency markets as traders position themselves ahead of year-end.
Mike Zuzolo with Global Commodity Analytics shares the Tuesday Market Wrap Up
