TAGS: Marketing, Overseas
December 18, 2014
Following are pre-report trade expectations ahead of the February 9 USDA Supply and Demand Report, to be released at 7:30 a.m. CT:
|
2011-12 carryover
|
Avg.
|
Range
|
USDA Jan.
|
2010-11
|
|
in billion bushels
|
|
Corn
|
0.797
|
0.680-0.846
|
0.846
|
1.128
|
|
Soybeans
|
0.269
|
0.245-0.300
|
0.275
|
0.215
|
|
Wheat
|
0.868
|
0.836-0.935
|
0.870
|
0.862
|
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 say they wouldn't be surprised if USDA made bigger-than-expected changes to the demand side of the balance sheets given the recent trend of report surprises. Nervousness ahead of the report is resulting in choppy price action.