Following are pre-report trade expectations of USDA’s Quarterly Grain Stocks Report. USDA will release the report on Friday, Sept. 30, at 7:30 a.m., CT. The report will set 2011-12 corn and soybean carryin stocks.
Grain Stock Expectations
| Avg.
| Range
| June 1, 2011
| Sept. 1, 2010
|
in billion bushels
| ||||
Corn | 0.962 | 0.820-1.050 | 3.670 | 1.708 |
Soybeans | 0.225 | 0.202-0.240 | 0.619 | 0.151 |
Wheat | 2.046 | 1.959-2.247 | 0.861 | 2.450 |
Following are pre-report trade expectations ahead of USDA’s Small Grains Summary. USDA will release the report on Friday, Sept. 30, at 7:30 a.m., CT.
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* Expectations compiled by Dow Jones Newswire.
Juli says: For the Small Grains Summary, USDA will take into account Certified Acreage data from the Farm Service Agency in formulating its estimate. Traders look for the report to show a slight reduction in all wheat production from USDA’s last survey-based estimate. Traders remember how USDA shocked the market last year with a corn stocks estimate that was 300 million bu. above the average pre-report trade estimate. As a result, traders are being cautious heading into the report.
