Traders Prepare for Key Acreage and Stocks Reports

March 26, 2013 02:04 AM
 

 

Traders are preparing for Thursday morning's USDA Prospective Plantings and Grain Stocks Reports, which will provide key price direction as the market heads through the spring. Following are pre-report expectations:

Prospective Plantings
Avg.
Range
2012
in million acres

Corn

97.3
96.8-98.0
97.2

Soybeans

78.5
77.5-80.0
77.2

All wheat

56.4
56.0-57.2
55.7

Spring wheat

12.5
11.9-13.8
12.3

Durum

2.1
2.0-2.3
2.1

Cotton

10.08
9.0-11.0
12.32

 

Grain Stocks

Avg.
Range

Dec. 1, 2012

Mar. 1, 2012

in billion bushels

Corn

5.030

4.916-5.248

8.030

6.023

Soybeans

0.947

0.912-1.059

1.966

1.374

Wheat

1.167

1.010-1.238

1.660

1.199

Pre-report expectations compiled by Dow Jones newswire.


 

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