Coverage, Analysis of the Nov. 9 USDA Reports

November 9, 2012

News and Analysis

Special Report: Soybeans Steal the Show
Market expert Jerry Gulke says USDA dramatically increased soybean production today. But, that extra production has equaled an increase demand.

AgWeb Radio: Midday Commentary 11-9-12
Kevin Van Trump of Farm lDirection says the report was basically negative for grains. China appears to slow buying of beans. South american crops could add to the world supply. Corn seems to be the leader or perhaps falls the least. On wild card still there WEATHER !

Demand Gnaws at Higher-Than-Expected Soybean Production
Meanwhile, global wheat stocks are higher than expected, which might leave the U.S. out of its leadership role as the world’s cheapest provider, says Kevin Van Trump of Farm Direction.

AgWeb Radio: Opening Commentary 11-9-12
Tom Grisafi of Indiana Grain Company says the USDA supply demand report is viewed as a little bearish for grains. A lot of bull spreads are being put on. The outside markets are putting pressure on grains.

USDA Raises Corn, Soybean Production Estimates
Corn production is forecast at 10.7 billion bushels, up slightly from the October forecast but down 13% from 2011.