date:Apr 14, 2016
Few major changes were reported in the USDAs April World Agricultural Supply and Demand Estimates on Tuesday, largely reflecting analysts expectations.
It was a quiet report, as it usually is in April, said Rich Nelson, chief strategist of Allendale. I see no market impact from this report, he said, adding that the markets focus now will shift to what is likely for planting and the South American harvest.
Louise Gartner, owner of Spectrum Commodities, agreed, noting on an MGEX conference call