Pre-Report Analysis of Tomorrow’s WASDE Reports

June 8, 2011 11:42 AM
 

Tomorrow morning, at 7:30 a.m., USDA will release its monthly World Agricultural Supply and Demand Estimates (WASDE) report.

You’ll be able to find all of the report data, news and analysis on AgWeb.com. Here are some pre-report estimates for the reports.
 
Allendale Inc. expects corn will hit 13.4 billion bushels, down 85 million from USDA’s previous estimate. It also expects a one bushel drop in average corn yield. Wheat production was also lowered to about two billion bushels, a drop of 20 million.
 
Mike North, Senior Risk Management Advisor for FIRST CAPITOL AG offers his comments on the WASDE report to be released 6-9-11. Comments include what to watch for and how it might affect the markets.
 
Stay tuned to AgWeb Radio tomorrow for the latest expert market analysis.
 

 

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