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Coverage, Analysis of the Aug. 10 USDA Reports

07:46AM Aug 10, 2012

See all of the report data, coverage and analysis of the Aug. 10 World Agricultural Supply and Demand Estimates and Crop Production reports.


News and Analysis

High Corn, Soybean Prices to Slash Demand
Drought has slashed the U.S. corn and soybean crops and strong prices will force domestic and export demand to shrink in the coming year.


10 States Expecting 100 bu./acre Corn or Less
The drought has weakened yield prospects in many states, but some areas may still pull through.

AgWeb Radio: Midday Commentary 8-10-12
Kevin Van Trump of Farm Direction says corn traded up then down a bit on the report numbers. Supply has been cut due to weather but now the issue will move to demand. How and where to lower demand for corn. Corn still bullish. Soybeans are in extreme short supply and demand may be moving up. Soybeans are still bullish.

AgWeb Survey Correctly Predicts USDA's Corn Estimate

In a poll conducted over the last week, AgWeb users correctly predicted that the USDA's Aug.10 corn yield estimate would be in the mid-120s.

Gulke Explains What Aug. 10 Reports Mean for Prices

USDA whacked yields, exports, livestock feed and ethanol usage. In a special report, Jerry Gulke, president of the Gulke Group, provides full analysis.



Say What? $55-Plus Soybeans and $17-Plus Corn!
If $10 per bushel corn and $20 per bushel soybeans seemed unfathomable a month ago, try $17 corn and $55 soybeans this month.

AgWeb Radio: Opening Commentary 8-10-12
Tom Grisafi of Indiana Grain Company said when the numbers came out everything was bullish. But now the owners of puts and calls are negetative because of not much movement in the markets.


Blog Commentary

Grain Hedge: WASDE Report Rallies Bean Market, Corn Turns Negative

Soybean, Corn, and Cattle Daily Numbers & Trade Ideas: WASDE Report 8/10/12 

The Allendale Wake-Up Call: Last Minute Jockeying Into USDA Announcements




WASDE: USDA Lowers Corn Yield Estimate to 123.4 bu./acre

WASDE: Soybean Supply Estimates Drop to 9-year Low

WASDE: Wheat Supplies, Production Forecast Raised

WASDE: U.S. Cotton Production Up Nearly 4%

WASDE: Rice Crop Projected at 190 Million Cwt

Crop Production

Crop Production: Corn, Soybean Production Down


Live Discussion

Read what farmers are saying about the upcoming reports. See:

Marketing Old Crop and New Crop 2012

twitterFind out what traders and others are saying about the reports on Twitter: AgWeb's Market Tweets

See how the reports are affecting prices. Visit the AgWeb Markets Center.