Trade Readies for July USDA Reports

July 10, 2013 04:54 AM
 

 

Following are pre-report trade expectations ahead of the July 11 USDA Supply and Demand and Crop Production Reports, to be released at 11:00 a.m. CT:

 

2012-13 carryover

Avg.

Range

USDA
June

2011-12

in billion bushels

Corn

0.722

0.537-0.773

0.769

0.989

Soybeans

0.121

0.104-0.125

0.125

0.169

 

2013-14 carryover

Avg.

Range

USDA
June

in billion bushels

Corn

1.874

1.618-2.076

1.949

Soybeans

0.270

0.166-0.329

0.265

Wheat

0.624

0.477-0.685

0.659

Cotton (mil. bales)

2.95

2.60-3.26

2.60

 

Wheat Production

Avg.

Range

June

2012

in billion bushels

All wheat

2.057

1.942-2.110

2.080

2.269

All winter

1.507

1.454-1.555

1.509

1.645

HRW

0.772

0.730-0.808

0.781

1.004

SRW

0.522

0.478-0.552

0.509

0.420

White winter

0.214

0.204-0.220

0.219

0.222

Spring wheat

0.504

0.475-0.531

NA

0.542

Durum

0.061

0.055-0.070

NA

0.082

Pre-report expectations compiled by Dow Jones and Reuters newswires.


 

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