More of the same in the December WASDE

There were no major surprises in the latest set of estimates published by the US Department of Agriculture (USDA). Projected 2017/18 ending stocks for the grains and soybeans were raised further, whilst both production and ending stocks of cotton were revised down sharply. Looking forward, we expect some price gains in soybeans and grains in 2018 but lower prices for cotton.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.