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Complete Coverage of October Reports

October 12, 2011

AgWeb.com will have full coverage of the Oct. 12 reports, following the 7:30 a.m. report releases.

News & Analysis

AgWeb Radio: Opening Commentary 10-12-11

Andy Shissler of Roach Ag comments on the report: Acres down about 1/2 million. Yields on corn at 148 bu/A, beans lower yield 3/10 of a bushel/A.

Doug Werling of Bower Trading says to explain today's market, remember the unusual high prices set yesterday. Yesterday was a 'buy the rumor' day. Today's report numbers are not as negative as the market prices might indicate. China is in the market as a buyer. The market will calm down and move forward.
 
New supply-demand estimates from USDA project slightly higher ending corn stocks but slim soybean supplies next summer.

 

AgWeb Radio: Closing Commentary 10-12-11

Bob Utterback of Utterback Marketing said the corn and bean numbers in the report had a little something for everybody. Bean report was the most positive. Wheat report most bearish. Looks like wheat will go down and set a double bottom. Time for feed buyers to look at meeting their needs.

What did you think about today's reports?

Join the farmer discussion of today's USDA reports on the AgWeb.com discussion boards.

 

Crop Production 

 

World Agricultural Supply and Demand Estimates

 
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