Trade Readies for December USDA Reports

December 10, 2012 06:51 AM
 

 

Following are pre-report trade expectations ahead of the December 11 USDA Supply and Demand Report, to be released at 7:30 a.m. CT:

2012-13 carryover

Avg.

Range

USDA Nov.

2011-12

in billion bushels

Corn

0.666

0.493-0.752

0.647

0.988

Soybeans

0.135

0.123-0.145

0.140

0.169

Wheat

0.718

0.690-0.754

0.704

0.743

Cotton (mil. bales)

5.50

4.50-6.00

05.80

3.40

Pre-report expectations compiled by Dow Jones newswire.


Juli says: According to the average pre-report trade guesses, traders don't anticipate any major changes coming from USDA in their December Supply & Demand Report. But the range of guesses -- especially corn -- signal there is still a lot of uncertainty which suggests prices will remain volatile this winter.

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