Very few changes were made to the USDA-WAOB WASDE estimates released today. USDA ERS will release 2016/17 supply/demand estimates at the February 25-26 Outlook Conference. These estimates will be included in next month's reports.
The analysis above is not intended as a trade recommendation. The analysis and forecasts are based on available public data and on the best judgment of PRX, but cannot be guaranteed to conform to future reality.
