USDA Report Preview
Sep 11, 2012
The USDA will release their September Crop Production report on Wednesday morning at 7:30am CST. The report will provide new supply, demand and production estimates for corn, soybeans, wheat and other crops.
The grain markets have sold off ahead of the report. December corn now sits below $7.80, the lowest levels seen since July. November soybeans traded below the $17 mark on Tuesday, but were able to rebound to close at $17.01 ½. The numbers below indicate the trade’s "average guesses" for tomorrow’s report and will assist traders/producers in dissecting the government’s numbers.
| 12/13 Production |
Sept USDA |
Avg Guess |
Range |
Aug USDA |
| |
|
|
|
|
| Corn Production |
|
10.38 |
9.860 - 10.780 |
10.779 |
| |
|
|
|
|
| Corn Yield |
|
120.6 |
117.6 - 124.0 |
123.4 |
| |
|
|
|
|
| Soybean Production |
|
2.657 |
2.510 - 2.739 |
2.692 |
| |
|
|
|
|
| Soybean Yield |
|
35.8 |
34.5 - 36.7 |
36.1 |
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| 11/12 Ending Stocks |
Sept USDA |
Avg Guess |
Range |
Aug USDA |
| |
|
|
|
|
| Corn |
|
1.044 |
.971 - 1.176 |
1.021 |
| |
|
|
|
|
| Soybeans |
|
0.134 |
.125 - .145 |
0.145 |
| |
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| 12/13 Ending Stocks |
Sept USDA |
Avg Guess |
Range |
Aug USDA |
| |
|
|
|
|
| Corn |
|
0.592 |
.458 - .658 |
0.650 |
| |
|
|
|
|
| Soybean |
|
0.109 |
.087 - .128 |
0.115 |
| |
|
|
|
|
| Wheat |
|
0.704 |
.670 - .765 |
0.698 |
