By Farms.com Editorial Team
USDA will release two important reports today, The WASDE, World Agriculture Supply and Demand Estimates and the Crop Production Reports. The market stakeholders will be watching the corn and soybean yield estimates as well as supply and demand projections to determine a futures price sentiment. Analysis of the reports will follow.
Links to the USDA Reports
USDA WASDE - World Agriculture Supply And Demand Estimates Report
http://www.usda.gov/oce/commodity/wasde/latest.pdf
USDA Crop Production
Corn Production Up 1 Percent from 2013
Soybean Production Up 16 Percent from 2013
Cotton Production Up 36 Percent from 2013
Winter Wheat Production Up 2 percent from July Forecast
http://usda.mannlib.cornell.edu/usda/current/CropProd/CropProd-08-12-2014.pdf