\u00a0August WASDE report and market expectations<\/p>\n
Corn Market<\/strong>: The USDA may increase its corn yield projection due to favorable growing conditions. Ethanol demand remains strong, potentially boosting overall demand<\/p>\n Soybean Market<\/strong>: Similar to corn, the USDA might raise soybean yield estimates. Export demand is slow, and acreage adjustments are possible<\/p>\n Wheat Market<\/strong>: Mixed expectations with potential increases in U.S. production and export sales. Russian wheat crop estimates may see minor adjustments<\/p>\n Historical Patterns<\/strong>: Corn and soybeans show a higher likelihood of positive report day closes, while wheat tends to have negative settlements on report days<\/p>\n Based on historical data from 1993 to 2021, our research at Grain Market Insider suggests that the volatility on the day of the August WASDE report can significantly vary across commodities<\/p>\n For\u00a0corn<\/strong>, there\u2019s a 59% chance of a positive close compared to a 41% chance of a negative one. On report days, the August WASDE report has typically shown a 2.13% gain on positive settlements, against an average loss of 3.42% on negative settlements<\/p>\n Soybeans<\/strong>, similar to corn, tend to lean towards a positive report day close, with a 59% likelihood of a positive close versus 41% negative. The percent change volatility at settlement for soybeans following the August report is in the middle to upper range of the WASDE reports, with an average 2.15% negative settlement versus an average 2.09% positive<\/p>\n In the case of\u00a0wheat<\/strong>, the August report shows a tendency towards a negative settlement on the day of the report versus positive, with the percent net change volatility ranking towards the upper end. Fifty-nine percent of the August report days showed a negative settlement that was 2.08% lower on average, versus a positive close 41% of the time, with an average gain of 1.44%<\/p>\n \u00a0<\/b> The data provided is believed to be reliable but cannot be guaranteed. Individuals acting on this information are responsible for their own actions. Commodity trading may not be suitable for all recipients of this report. Futures and options trading involves significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Examples of seasonal price moves or extreme market conditions are not meant to imply that such moves or conditions are common occurrences or likely to occur. Futures prices have already factored in the seasonal aspects of supply and demand. No representation is being made that scenario planning, strategy, or discipline will guarantee success or profits. Any decisions you may make to buy, sell, or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Total Farm Marketing. Total Farm Marketing and TFM refer to Stewart-Peterson Group Inc., Stewart-Peterson Inc., and SP Risk Services LLC. Stewart-Peterson Group Inc. is registered with the Commodity Futures Trading Commission (CFTC) as an introducing broker and is a member of the National Futures Association. SP Risk Services, LLC is an insurance agency and an equal opportunity provider.<\/p>\n","protected":false},"excerpt":{"rendered":" \u00a0August WASDE report and market expectations Corn Market: The USDA may increase its corn yield projection due to favorable growing conditions. Ethanol demand remains strong, potentially boosting overall demand Soybean Market: Similar to corn, the USDA might raise soybean yield estimates. Export demand is slow, and acreage adjustments are possible Wheat Market: Mixed expectations with …<\/p>\n","protected":false},"author":3,"featured_media":689,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[213,14],"tags":[279,297,295,291,289,293],"class_list":["post-688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-grains-feed","category-14","tag-corn","tag-grain","tag-report","tag-soy","tag-wasde","tag-wheat"],"yoast_head":"\n