Trade Readies for February 2012 USDA Reports

February 6, 2013 09:19 PM
 

 

Following are pre-report trade expectations ahead of the February 8 USDA Supply and Demand Report, to be released at 11:00 a.m. CT:

2012-13 carryover

Avg.

Range

USDA Jan.

2011-12

in billion bushels

Corn

0.615

0.502-0.667

0.602

0.989

Soybeans

0.129

0.115-0.140

0.135

0.169

Wheat

0.728

0.706-0.783

0.716

0.743

Pre-report expectations compiled by Dow Jones newswire.


Juli says: The February S&D Report typically isn't a big market-mover because there are no domestic supply updates, but traders look for USDA to trim corn and wheat usage and increase soybean usage to alter carryover.

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