Trade Readies for April S&D Report

April 9, 2012 01:00 AM
 

Following are pre-report trade expectations ahead of the April 10 USDA Supply and Demand Report, to be released at 7:30 a.m. CT:

 

 

2011-12 carryover

Avg.

Range

USDA March

2010-11

in billion bushels

Corn

0.717

0.626-0.801

0.801

1.128

Soybeans

0.246

0.225-0.275

0.275

0.215

Wheat

0.796

0.740-0.825

0.825

0.862

Pre-report expectations compiled by Dow Jones newswire.


Juli says: After the March 30 Quarterly Grain Stocks Report showed March 1 corn, soybean and wheat stocks lower than expected, traders look for USDA to trim its 2011-12 carryover estimates.

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