USDA Finally Reconciles Old Crop Corn Demand in May WASDE

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May 11, 2024

USDA Finally Reconciles Old Crop Corn Demand in May WASDE

Jerry Gulke, president of the Gulke Group, says in the report USDA finally rectified the old crop corn carryover figure trimming it by 100 million bushels with an increase in demand.

What You Need to Know From USDA's May WASDE Report

USDA's May WASDE report sent corn and soybean prices higher. It also caused wheat to soar. However, one analyst questions why the trade viewed the latest report so bullish.

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