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Barchart

Darin Newsom

What to Watch for in WASDE Guesses

USDA Barchart United States

The June round of USDA WASDE guesses are set for release Friday at noon (ET).
The initial 2023 Barchart US corn and soybean production estimates were released this week, with both showing a decrease from USDA's May estimates.
New-crop futures spreads for both corn and soybeans remain bullish, with only minor changes seen from the end of April through the end of May.

As you are probably aware of, the next round of USDA WASDE guesses are set for release at noon (ET) Friday. It’s safe to say that 99.9 of the ag market industry is frothing with excitement. Why? I don’t know. I learned a long time ago that none of this makes any sense. Be that as it may, let’s take a look at what some of the key numbers could be Friday.

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