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Agricultural News

USDA Supply and Demand report released this morning.

Tue, 12 Jun 2012 08:17:16 CDT

The USDA Supply and Demand report was released this morning showing the old crop ending stocks in the corn unchanged from last month and the soybeans lower than last month and the pre-report estimates. The wheat also came in lower than last month and the pre-report estimates.


As far as the new crop, corn came in higher than what the trade was looking for, with soybeans and wheat both lower than expected. The wheat production numbers for all wheat came in higher than expected and could be price bearish.


In the World Stocks numbers, the wheat came in lower, corn higher and the soybeans unchanged.


Click the following link for the USDA report - USDA World Supply and Demand



You can hear Tom Leffler of Leffler Commodities talk about the latest USDA numbers by clickin on the listening bar below.



   

Tom Leffler of Leffler Commodities right-click to download mp3

 

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