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Darin Newsom

Why Was Tuesday Wheat's Time to Shine?

USDA Watson Oil United States WASDE

The three wheat markets led the commodity complex to the upside Tuesday.
USDA took an axe to both US and global wheat numbers, creating a change in the flow of investment money from cattle to wheat.

Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.
In other news, soybean oil continued to follow diesel fuel higher, providing support to the rest of the oilseed sub-sector.

Since I posted Tuesday's Morning Commentary, my idea of a USDA WASDE report preview, it is only fair I post today's Afternoon Commentary as a WASDE review.

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