From This Week in Grain:
Welcome to WASDE Week
I feel excited to say for the first time in 9 weeks, WELCOME TO WASDE WEEK! The last time we heard from the USDA regarding WASDE data, it was September 12th. Since that day, we have seen prices move dramatically in grains and oilseed markets. December Corn shed almost 45 cents, November Beans are off almost 1.40 and December Cotton is off 8 cents from the moment the report was released....And from the CME:
Volatility May Be Expected As WASDE Report Approaches
Wed 06 Nov 2013 13:30:34 CT
Delayed due to the Federal government shutdown, the data from the October 11 World Agricultural Supply and Demand Report (WASDE) will now be released alongside the November 8 report.As a result, this report now has an elevated level of importance, magnifying the potential impact on prices of US corn and soybeans. In anticipation, we invite you to learn more about how you can prepare for this market event using our Weekly Agricultural Options products. Click to learn more
Not seeing the volatility yet but one can only hope.
