Quick USDA Report Summary

Published on: 08:05AM Jun 12, 2012


Corn:  Old crop and new crop carryout left unchanged.  World carryouts higher than expected.  Yield estimate left unchanged at 166bpa.  Neutral to slightly bearish.
Soybeans:  Old crop carryout at 175, below expected 198;  New crop carryout at 140, below expected 143; World numbers neutral to slightly negative.  Overall friendly for the market.
Wheat:  Friendly throughout.  Old crop carryout at 728 vs. 753 expected; New crop carryout at 694 vs. 714 expected; World numbers slightly supportive. 



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