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Agricultural News

The Latest USDA Crop numbers are looked on as friendly

Wed, 09 Nov 2011 08:13:41 CST

After some requests not to release the latest crop numbers this morning from USDA, it was indeed released on time. The Supply & Demand, Production and Ending Stock numbers are looked on as friendly overall. The corn and soybean production and yields came in lower than the month of October and lower than pre-report estimates. Corn production is at 12.31 billion bushels with a yied of 146.7 bpa, both those numbers below October and trade estimates. Soybeans were pegged at 3.046 billion with a yield of 41.3 bpa, both those numbers also lower than October and the trade estimates. We also saw a lowering of the wheat production by a total of 9 million from the last report.

You can check out the latest crop numbers from USDA by clicking on the following link: USDA Crop Numbers


You can also hear Tom Leffler of Leffler Commodities analyze this morning's report by clicking on the listening bar below.

Tom Leffler of Leffler Commodities analyzes the latest crop numbers from USDA right-click to download mp3

 

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