Usda Reports Review
- Details
USDA continued to reflect a more optimistic view of Brazilian crop potential than other crop scouts and agencies in Friday's WASDE report. There were few significant changes, with U.S. corn and soy balance sheets unchanged from February. Traders seemed to put little credence in USDA's Brazil soy estimate and bullish changes to China demand sent soybeans higher. Wheat recovered to rally despite more Chinese soft red cancellations.