Trade Readies for April 2013 WASDE Report

April 8, 2013 07:00 AM
 

 

Following are pre-report trade expectations ahead of the April 10 World Agricultural Supply and Demand Report, to be released at 11:00 a.m. CT:

 

2012-13 carryover

Avg.

Range

USDA March

2011-12

in billion bushels

Corn

0.824

0.625-0.925

0.632

0.989

Soybeans

0.137

0.107-0.160

0.125

0.169

Wheat

0.731

0.700-0.776

0.716

0.743

Pre-report expectations compiled by Dow Jones newswire.


Juli says: After the March 28 Quarterly Grain Stocks Report showed March 1 corn, soybean and wheat stocks higher than expected, traders look for USDA to raise its 2012-13 carryover estimates from last month.

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