January 2024 WASDE: Disciplined consumers are rewarded
Update: 2024-01-16
Description
Last Friday the USDA released a catalogue of data: the January WASDE, quarterly grain stocks, and Winter Wheat and Canola Seedings. The releases were largely bearish and confirmed the views held in our 2024 outlook (Buyers sail home on rising supplies) of higher-than-expected production and weaker demand. Consumers who have been disciplined are now being rewarded in terms of lower global G&O prices.
Please read our disclaimer here: https://www.rabobank.com/knowledge/disclaimer/011417272/disclaimer
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
