Pre-Report Analysis of Nov. 9 Reports

November 8, 2011 05:11 AM will have full coverage of the Nov. 9 reports, following the 7:30 a.m. report releases.

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


News and Analysis

As harvest nears completion, both producer reports and private forecasts for average corn and soybean yields and production are closing the gap with USDA’s October estimates. But demand estimates could show big swings when USDA releases its World Agricultural Supply and Demand Estimates (WASDE) and Crop Production reports Wednesday, Nov. 9.
Real and perceived factors have contributed to lower soybean prices since August and to the weakness since mid-October.
MF Global bankruptcy knocks the market off balance to start the week. Conficting fundamentals never let grains regain momentum.


From Our Bloggers

KCBT KCBT Review : KC Wheat Higher Ahead of Reports
KevinVanTrump Current Marketing Thoughts: Previewing Tomorrow's USDA Report
Paul Georgy
The Allendale Wake-Up Call: Traders Get Ready for USDA Data
GrainHedge Grain Hedge: Revisions to USDA Estimates to be a Catalyst?
Joseph Vaclavik Straits Grain: Grain Markets Wait for Wednesday's Report
KevinMcNew Cash Grain Insights: November 9th WASDE the End of Range Bound Trade?



AgWeb Radio Commentary

AgWeb Radio: Midday Commentary 11-8-11
Tom Grisafi of Indiana Grain Company says grains are up nearly 10 cents at noon although the trade is quiet. USDA report will be issued tomorrow -- dispelling yesterday's rumors. Today and the trade tonight doesn't have much to do with tomorrows trade after the report is released.

AgWeb Radio: Opening Commentary 11-8-11
Jeff French of Top Third Ag Marketing said the grains were firm overnite. All eyes are on the USDA report Wednesday. Yesterdays harvest numbers for this lyear show Corn 85% done, and Soybeans 92% done. Expect very choppy market action. 

Nate Smith of the Gulke Group said we have a weaker market across the board. A rumor has started that the crop report may be delayed until all the MF Global accounts can find a home.
Jim Bower of Bower Trading said the market is rather quiet, grains easing up ahead of the Wednesday report. Market is still very uneasy over the MF Global situation.
Greg Milkovich of Roach Ag says overnite markets started out lower bur recovered. Rumor that the Italian President would resign was denied. Market will be choppy ahead of report on Wednesday.
Tomorrow, be sure to listen to AgWeb Radio for further analysis of the reports from market experts.



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