Trade Readies for October USDA Reports

October 10, 2011 09:54 AM
 

 

Following are pre-report trade expectations ahead of the October 12 USDA Supply and Demand and Crop Production Reports, to be released at 7:30 a.m. CT:

 

2011-12 carryover

Avg.

Range

USDA Sept.

2010-11

in billion bushels

Corn

0.795

0.646-0.989

0.672

1.128

Soybeans

0.181

0.153-0.255

0.165

0.215

Wheat

0.747

0.674-0.810

0.761

0.861

 

Crop Production

Avg.

Range

Sept.

2010

in billion bushels

Corn

12.492

12.342-12.690

12.497

12.447

Soybeans

3.094

3.050-3.162

3.085

3.329

Cotton (mil. bales)
16.03

15.4-16.47

16.56

18.10

Pre-report expectations compiled by Dow Jones newswire.


Juli says: Grain futures started the day higher, but trimmed gains as they are nervous about what USDA's reports will reveal. Not only are changes to yield possible, but USDA can incorporate Certified Acreage data from the Farm Service Agency in this report.

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