Traders Prepare for USDA June Reports

June 27, 2012 08:06 AM
 

Following are pre-report trade expectations ahead of the June 29 USDA Acreage Report. Reports will be released at 7:30 a.m. CT and open outcry trade begins at 7:20 a.m. CT.

Acreage

Avg.

Range

March 30

2011

in million acres

Corn

95.962
94.3-96.759
95.864
91.921

Soybeans

75.575
74.5-76.54
73.902
74.976

Spring wheat

12.656
12.0-13.476
11.976
12.394

Durum

2.299
2.176-2.45
2.223
1.369

All wheat

56.851
55.9-59.344
55.908
54.409

 

Grain Stock Expectations

Avg.

Range

Mar. 1, 2012

June 1, 2011

in billion bushels

Corn

3.182

2.982-3.50

6.009

3.670

Soybeans

0.640

0.595-0.662

1.372

0.619

Wheat

0.726

0.705-0.748

1.201

0.862

 

Pre-report expectations compiled by Dow Jones newswire.


 

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