Trade Readies for November 2013 USDA Reports

November 6, 2013 06:59 AM
 

 

 

There's a high level of anticipation ahead of USDA's Nov. 8 Supply and Demand and Crop Production Reports, to be released at 11:00 a.m. CT, after the agency didn't release crop data in October due to the government shutdown. Traders expect USDA to raise its corn and soybean yield estimates from last month. Following are pre-report expectations.

2013-14 carryover

Avg.

Range

USDA Sept.

2012-13

in billion bushels

Corn

2.056

1.904-2.292

1.855

0.824*

Soybeans

0.183

0.150-0.240

0.150

0.141*

Wheat

0.527

0.532-0.576

0.561

0.718

 

 * 2012-13 corn and soybean ending stocks are from the September Quaterly Grain Stocks Report.

Crop Production

Avg.

Range

USDA Sept.

2012

in billion bushels

Corn

14.022

13.421-14.330

13.843

10.780

Soybeans

3.225

3.123-3.293

3.149

3.015

Pre-report expectations compiled by Dow Jones Newswires.


 

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