The July WASDE report hit the agricultural sector like a ton of bricks. Grains and oilseed prices dropped, cotton was lower, and cattle and hog prices fell on July 12 after the report’s release.
Meanwhile, the agricultural markets remain in the heart of the 2023 growing season in the northern hemisphere, and the weather and geopolitical events over the coming weeks will determine the path of least resistance of prices. The text of the July WASDE report is available through this link.
