Seeing Around Corners

Preparing for the Known Unknowns As the release of the September World Agricultural Supply and Demand Estimates (WASDE) report approaches, people in the soy market are watching closely for any changes of yield estimates. In two of the past three years, the USDA has lowered soybean yield forecasts between the August and September reports. These revisions have triggered significant price shifts across soybeans, soybean oil, and soybean meal.