Traders Prepare for Barrage of January 2013 Reports

January 10, 2013 03:02 AM
 

Following are expectations for USDA's Jan. 11 reports to be released at 11:00 a.m., CT:

 

Annual Crop Production

Avg.

Range

USDA latest

USDA 2011

in billion bushels

Corn

10.626

10.100-10.801

10.725

12.358

Soybeans

2.999

2.922-3.104

2.971

3.094

Cotton (mil. bales)

17.24

17.00-17.45

17.26

15.57

 

2012-13 carryover

Avg.

Range

USDA Dec.

2011-12

in billion bushels

Corn

0.667

0.489-0.764

0.647

0.988

Soybean

0.135

0.107-0.178

0.130

0.169

Wheat

0.743

0.637-0.792

0.754

0.743

Cotton (mil. bales)

5.19

4.43-5.50

5.40

3.35

 

Winter Wheat Seedings

Avg.

Range

2012

in million acres

All winter

42.6

41.7-44.7

41.3

HRW

30.3

29.9-31.0

29.9

SRW

8.9

8.2-10.0

8.1

White

3.5

3.3-3.9

3.3

 

Dec. 1 Grain Stock

Avg.

Range

Sept. 1, 2012

Dec. 1, 2011

in billion bushels

Corn

8.210

8.050-8.450

0.988

9.647

Soybeans

1.984

1.915-2.056

0.169

2.370

Wheat

1.674

1.553-1.721

2.104

1.663

 


Juli says: The January USDA reports are important because they often set the price tone heading into spring. I previous years, corn futures have seen large prices moves as grain stocks data has caught traders off guard.

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