Following are pre-report trade expectations ahead of the May 10 USDA Supply and Demand and Crop Production Reports, to be released at 7:30 a.m. CT.
|
2011-12 carryover
|
Avg.
|
Range
|
USDA April
|
2010-11
|
|
in billion bushels
|
|
Corn
|
0.758
|
0.660-0.801
|
0.801
|
1.128
|
|
Soybeans
|
0.221
|
0.200-0.250
|
0.250
|
0.215
|
|
Wheat
|
0.781
|
0.756-0.800
|
0.793
|
0.862
|
|
2012-13 carryover
|
Avg.
|
Range
|
|
in billion bushels
|
|
Corn
|
1.704
|
1.209-2.072
|
|
Soybeans
|
0.170
|
0.100-0.250
|
|
Wheat
|
0.805
|
0.609-0.963
|
|
Wheat Production
|
Avg.
|
Range
|
2011
|
|
in billion bushels
|
|
All wheat
|
2.196
|
2.054-2.282
|
1.999
|
|
All winter
|
1.634
|
1.499-1.707
|
1.494
|
|
HRW
|
0.990
|
0.880-1.068
|
0.780
|
|
SRW
|
0.413
|
0.307-0.454
|
0.458
|
|
White winter
|
0.231
|
0.214-0.267
|
0.256
|
Pre-report expectations compiled by Dow Jones newswire.
Juli says: Traders look for USDA to trim U.S. 2011-12 corn, soybean and wheat carryover projections from last month. USDA will also issue the first "official" look at the 2012-13 balance sheets, which are expected to reveal further tightening of soybean carryover from the current season, while corn carryover is set to post a strong rebound.
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