Supportive Market Outlook For Corn And Wheat In USDA's First 2024/2025 Forecasts

After a relatively lacklustre performance over the past year, grains are showing a ray of light following the release of the May World Agricultural Supply and Demand Estimates (WASDE) report. The May WASDE report is one of the biggest reports the US Department of Agriculture (USDA) publishes in the year. It offers a first look at the new crop marketing year production, supplies and usage estimates, updated US winter wheat balance production estimates alongside modifications to South American crops currently being harvested.