TP Radio: Positive Note in Today's USDA Report

February 9, 2010 12:49 AM

Linda H. Smith, Top Producer Business and Marketing Editor

The World Agricultural Supply and Demand Estimates were released this morning. Two market experts provide insight to the reports.

Jim Bower of Bower Trading thinks USDA's reduction in U.S. and global ending stocks, which came in below trade estimates, are the positive note in today's report. "An additional 100 million used for ethanol was the main factor,” he says. The problem child remains large U.S. and wheat ending stocks.”

Jerry Gulke, of Gulke Group, points out that today's report tightened supplies on the front end for soybeans, "but it's only a matter of time before we lose some of the export market to South America.” The Obama Administration's announcement supporting biodiesel has caused Gulke to look out a couple years at where demand could be headed.

To see his updated supply/demand tables, click here. (PDF)

For More Information
Supply/Demand Report Neutral 

PF Analysts Highlight Key Data from Today's S&D Report 

You can e-mail Linda Smith at


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