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Home > RaboResearch Agri Commodities > January 2024 WASDE: Disciplined consumers are rewarded
Podcast: RaboResearch Agri Commodities
Episode:

January 2024 WASDE: Disciplined consumers are rewarded
Category: Business
Duration: 00:18:48
Publish Date: 2024-01-16 13:58:19
Description:

Last Friday the USDA released a catalogue of data: the January WASDE, quarterly grain stocks, and Winter Wheat and Canola Seedings. The releases were largely bearish and confirmed the views held in our 2024 outlook (Buyers sail home on rising supplies) of higher-than-expected production and weaker demand. Consumers who have been disciplined are now being rewarded in terms of lower global G&O prices.
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