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Slow start to planting could make for an interesting May WASDE
Friday’s upcoming WASDE report is an important one, as it is the first report after the start of planting season. While the beginning of planting season has been slow, analysts are unsure of whether or not any changes will be made by the USDA. Ross Baldwin of AgMarket.Net said some sources even have the May WASDE as potentially being bearish. While the markets have been trading on the news of weather issues in Brazil’s crop, the USDA has generally held a more optimistic position than analysts...