At first glance, the USDA’s latest set of projections appeared bearish for the grains and soybeans markets. However, most of the upward revisions to stocks and supply can be explained by revisions to historical Chinese data. That said, there was still little to cheer about for wheat, underpinning our forecast of lower prices in 2019.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services