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.
