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Standard Grain

RSS By: Joe Vaclavik

Joseph Vaclavik is the president at Standard Grain in Chicago. Standard Grain provides futures and options brokerage to farms, feedlots, elevators, processors, end-users and traders. Visit www.standardgrain.com for more information.

 

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. 

 

 

Email info@standardgrain.com or call (312) 462-4438 with questions! 

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