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Power Hour: Pre-Report Analysis of Dec. 11 Reports

December 10, 2012
By: Sara Schafer, Farm Journal Media Business and Crops Editor
USDA   pile of corn will have full coverage of the Dec. 11 World Agricultural Supply and Demand Estimates and Crop Production reports, following the 7:30 a.m. releases.

Below are a few pre-report news items to read before the numbers come out.

AgWeb Radio: Closing Commentary 12-10-12
Nate Smith of the Gulke Group says with a report tomorrow the market moves today are getting ready for report numbers. Wheat ratings released indicate our crop is in very bad condition. Corn prices are probably a result of demand rationing. Seems we are in a bearish situation.

Doug Werling of Bower Trading says South Korea bought some corn over the weekend but none from the U.S. Tomorrow's crop report may raise the carry-out numbers for corn and wheat.
John Garrity of Roach Ag Marketing says grains are down. Some are getting out of their long positions before tomorrow's crop report.
Soybean prices bounced up this week, almost hitting $15. Jerry Gulke explains what is behind the rally.


A Preview of Tuesday’s USDA Report
Market expert Pete Meyer details what big surprises and news could be included in tomorrow’s Crop Production and World Agricultural Supply and Demand Estimates reports. 



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