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Agricultural News

The Latest USDA Crop Numbers are Bullish

Tue, 09 Nov 2010 8:56:44 CST

   

The latest crop numbers are out this morning from the USDA and the report looks bullish in relations to the markets. USDA reports the corn and soybeans even lower than the early trade estimates, with corn coming in at 12.54 billion with a yield of 154.3 bushels per acre. Soybeans were also pegged lower at 3.75 billion with a yield of 43.9 bushels per acre.

Ending stocks were also lower than the trade estimates with corn, soybeans and wheat, all coming in lower.

Radio Oklahoma's Ed Richards spoke with Tom Leffler of Leffler Commodities about this morning's USDA crop numbers, and you can hear Tom's analysis by clicking on the listening bar below.



   

Tom Leffler analysis of the latest USDA Crop Report right-click to download mp3

 

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