Grain traders at midday Friday got the latest crop assessments from the U.S. Department of Agriculture in its monthly World Agricultural Supply and Demand Estimates (WASDE) report. The report contained a few price-friendly elements and a few negative elements for the grains. Importantly, however, the USDA data did not provide the fresh, positive fundamental spark that the seemingly tired grain market bulls wanted. A breakdown of the USDA’s latest data and other key fundamental news for the three major grain markets follows.
