Agricultural News
USDA releases the latest Ending Stocks, World Production and 2012 Wheat Production Numbers
Wed, 11 Jul 2012 08:22:45 CDT
USDA released the latest Ending Stocks, World Production and 2012 Wheat Production numbers this morning. The reports are looked on as friendly to the markets with a few surprises. Corn, soybeans and wheat ending stocks all came in below the trade estimates, also what USDA had in June. The wheat production numbers also came in lower than what we saw in June and the corn yield was put at 164 bushels per acre, somewhat of a surprise. Both corn and soybeans yield were both below trade estimates.
You can see all the USDA crop production numbers by clicking on the following link - USDA Crop Production Numbers
You can listen to Tom Leffler of Leffler Commodities with his analysis of this morning's USDA numbers by clicking on the listening bar below -
Tom Leffler of Leffler Commodities
right-click to download mp3
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