Quick USDA Report Summary
Jun 12, 2012
Corn: Old crop and new crop carryout left unchanged. World carryouts higher than expected. Yield estimate left unchanged at 166bpa. Neutral to slightly bearish.
Soybeans: Old crop carryout at 175, below expected 198; New crop carryout at 140, below expected 143; World numbers neutral to slightly negative. Overall friendly for the market.
Wheat: Friendly throughout. Old crop carryout at 728 vs. 753 expected; New crop carryout at 694 vs. 714 expected; World numbers slightly supportive.
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