Cotton

Timely rains benefited safrinha corn crop in Brazil.
Pegs 2012 winter wheat crop at 1.656 billion bushels.
Expanded trading hours begin May 14, 2012.
La Nina continued to weaken in March.
Planting intentions are near “perfectly opposite” to pre-report trade expectations.
Corn sales were within expectations while wheat sales disappointed.
Sees corn, soybeans and all wheat acres up from 2011.
USDA’s explanation of supply and demand adjustments.
See all of the report data, coverage and analysis of today’s World Agricultural Supply and Demand Estimates.
Tomorrow we’ll know exactly how these reports will rock the markets. Here are some expert expectations.
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