Click the links below to find all of the important May 2011 Crop Production reports and World Agricultural Supply and Demand Estimates. Analysis and more report data will be coming soon.
News & Analysis
Traders have expected the cold, wet spring in the eastern Corn Belt and northern Plains to cut into corn plantings, but seeing lower acreage in a USDA report still seemed to come as a surprise.
Brian Basting of Advance trading offers the full WASDE report numbers and analysis on how markets will react.
Bob Utterback of Utterback Marketing --comments WE ARE IN A FULL FLEDGED BULL MARKET!
Mike Howlett of Top Third Ag Marketing says the report a little bearish for beans and wheat but bullish for corn. Opening corn old crop 10-15, new crop 15-25 higher. Beans choppy, unchanged to 5 higher. Wheat unchanged to 10 higher.
University of Illinois economist overviews the key data in today's reports.
World Agricultural Supply and Demand Estimates
Crop Production: Winter Wheat Production Up 2% from May
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.