Traders Prepare for USDA June Reports

June 8, 2012 05:12 AM
 

Following are pre-report trade expectations ahead of the June 12 USDA Supply and Demand and Crop Production Reports. Reports will be released at 7:30 a.m. CT (markets will be open).

2011-12 carryover

Avg.

Range

USDA May

2010-11

in billion bushels

Corn

0.828

0.688-0.901

0.851

1.128

Soybeans

0.197

0.170-0.218

0.210

0.215

Wheat

0.757

0.727-0.775

0.768

0.862

 

2012-13 carryover

Avg.

Range

May

in billion bushels

Corn

1.740

1.223-1.950

1.881

Soybeans

0.147

0.112-0.211

0.145

Wheat

0.728

0.653-0.772

0.735

 

Wheat Production

Avg.

Range

May

2011

in billion bushels

All wheat

2.222

2.112-2.310

2.245

1.999

All winter

1.650

1.595-1.689

1.694

1.494

HRW

0.996

0.957-1.027

1.032

0.780

SRW

0.422

0.400-0.450

0.428

0.458

White winter

0.231

0.219-0.236

0.233

0.256

Pre-report expectations compiled by Dow Jones newswire.


Juli says: Traders are generally looking for supportive report data, as nearly all carryover categories are expected to come in below last month and traders look for USDA to trim the size of the wheat crop.

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