Trade Readies for September USDA Reports

September 10, 2012 04:37 AM
 

 

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

2011-12 carryover

Avg.

Range

August

2010-11

in billion bushels

Corn

1.014

0.750-1.176

1.021

1.128

Soybeans

0.137

0.095-0.173

0.145

0.215

 

2012-13 carryover

Avg.

Range

USDA August

in billion bushels

Corn

0.618

0.506-0.750

0.650

Soybeans

0.106

0.087-0.117

0.115

Wheat

0.709

0.670-0.797

0.698

 

Crop Production

Avg.

Range

Aug.

2011

in billion bushels

Corn

10.403

9.860-10.779

10.779

12.358

Soybeans

2.638

2.400-2.739

2.692

3.056

Pre-report expectations compiled by Dow Jones newswire.


Juli says: Traders look for USDA to lower the corn yield to 120.6 bu. per acre and for a soybean yield of 35.5 bu. per acre.

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