USDA Crop Numbers Lower Than ExpectedFri, 08 Oct 2010 8:23:16 CDT
There were a few surprises in this morning's Crop Production numbers from the USDA. Corn and soybean production came in lower than expected with the corn crop pegged at 12.664 billion with a yield of 155.8 bushels per acre and the soybean crop at 3.408 billion with a yield of 44.4 bushels per acre. The ending stock numbers were also much smaller than the trade was looking for in the wheat, corn and soybeans. Corn supply now is the tightest in fifteen years. All the USDA numbers look very BULLISH for trading in the markets today.
Cliick here for the October first Crop Productionf numbers as released by USDA this Friday morning.
For the Supply Demand data that came out- suggesting lower than expected ending stocks for several commodities- click here for the Supply Demand Report from USDA for this October 9, 2010.
Radio Oklahoma's Ed Richards spoke with Tom Leffler of Leffler Commodities about the morning's report. You can hear Tom's analysis of the numbers by clicking on the LISTEN BAR below.
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