The WASDE report comes out at 11 CST on Thursday.
We have seen an increase in daily ranges of around half a percentage point on these days for corn and soybeans.
In addition to the added volatility from the report, the summer time is a generally volatile time for agricultural products.
Here are some stats about the current state of the agriculture market:
- Corn is currently midrange with a daily implied move of +/- 1.4%.
- Soybeans are currently at lows with a daily implied move of +/- 1.3%
- Wheat is currently at lows with a daily implied move of +/- 1.7%