Podcast: Dale Durchholz of AgriVisor Services on the USDA February WASDE Report
Date Posted: February 10, 2014
The U.S. Department of Agriculture has released its February estimate of commodity supply and demand. The report reduced the carryout of the 2013 corn crop by 150 million bushels, to 1.481 billion, after exports were increased by the same amount for the corn crop.
The soybean carryout was retained at 150 million bushels after some internal adjustments in the balance sheet.
Increased exports of wheat allowed USDA to reduce the wheat surplus by 50 million bushels.
Providing his analysis to the USDA report is Dale Durchholz, Senior Market Analysis for AgriVisor Services, Inc.