
How Does One USDA Report Set Grain Prices Around the World?
Once a month, twelve numbers on corn, soybean, and wheat ending stocks reprice global food — WASDE, explained from the lockup room outward.
Supply and demand across crude, gas, industrial metals and crops, reported through inventory levels, freight rates and production figures.

Once a month, twelve numbers on corn, soybean, and wheat ending stocks reprice global food — WASDE, explained from the lockup room outward.

Half the year America fills storage and half the year it drains it — a market whose entire design amplifies weather into price.

Electrification needs millions of additional tons of copper each year while mine supply answers in decades — the arithmetic of a looming squeeze, per the data.

The classic link between gold and inflation-adjusted yields broke down after 2022, and central-bank buying explains most of the gap.

Every Wednesday at 10:30 a.m. Eastern, a table of inventory counts reprices the world's largest commodity market for an hour — here is the machinery.