WASDE report leaves markets rudderless

By Grain Brokers Australia
November 15 2019 - 8:00am
The USDA cut Australian barley production by 0.2MMT to 8.4MMT but it could still be on the high side.
The USDA cut Australian barley production by 0.2MMT to 8.4MMT but it could still be on the high side.

The United States Department of Agriculture (USDA) released their November World Agricultural Supply and Demand Estimates (WASDE) to the market last Friday (Saturday morning down under) and there was nothing to get the trade, or futures markets, too excited.

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