Using WASDE reports to trade Ag futures

Discussion in 'Commodity Futures' started by jeffrey.johnson, Aug 18, 2008.

  1. Hi,

    I would like to know if there is anyone here who uses the World Agricultural Supply and Demand Estimates (WASDE) report to trade Agricultural commodity futures.

    I would like to get an idea on how it can be used. Specifically, how do the supply and demand figures convert to a price? Is it possible to use the figures to calculate what the market price should be? Or is it better to instead compare the figures with those from historical reports and gauge from that whether the market is under or over-priced?

    Is there anyone using historical WASDE figures to trade the reports completely autonomously? Or do most people read the reports to get a "feel" for the right trade from experience?

    Also, is the WASDE report important to all Ag traders? Or are there some who rely completely on technicals?

    I look forward to your comments.
  2. Doesn't anyone here use the WASDE reports?
  3. Does anyone know of a book or a website discussing this topic?

    I would guess from the lack of response that the Ag traders here are purely technical, or they are just secretive about their methods? Anyone have an opinion?
  4. kanellop


    Hello Jeffrey,

    from Athens City, Greece.

    With my opinion the Traders does not reply to your Message because this Conversation is very long.

    Also the Traders have a huge numbers of other things to do for to write Comments in this Topic, that is very Synthetic.

    WASDE Reports i believe that give an opinion to the Traders.

    Traders need and other Informations as well.

    Daily Comments to how are going the Markets.

    Weather Reports or Maps that affect Crops.

    Reports from other Sources like:

    For Technical Analysis exist the Standard Indicators in a Technical Analysis Software and Indicators that create the Traders alone in these Programs.

    It is quite Chaotic what Indicators must someone to use or someone must to create.

    The creation of Indicators in General is Unlimited and depends a lot to the Trader.

    Comes all these and from the Experience of someone.

    With very short words someone in General must create a Strategy or Strategies what will do in Specific Conditions.

    Inside the Specific Conditions i put what will do if happen something unknown that can affect the Markets.

    For example a Country Policy, that can Skyrocket or Deep Prices.

    It is your responsibility to yourself to find what likes to you.


    George Kanellopoulos.
  5. Thanks for your advice. Next time I post something I will try to keep it short.
  6. you're probably kidding ...