By Mark Lahti, Farms.comUSDA Released the latest WASDE, World Agriculture Supply and Demand Estimates Report today and it will be seen as a bearish for corn and wheat, bullish for soybeans.
Some of the WASDE report highlights:Corn Yields: at 155.3 bushels per acre / 1.3 Bushels per acre higher than expected.Corn Production: Better than expected at 13.84 Billion bushels is higher the industry estimatesSoybean Yields: 41.2 bu/acre which is same as industry estimates.Soybean Production: 3.149 Billion bushels is close to industry estimates at 3.15 BillionCorn prices drop and Soybeans jump - Check out the futures prices and charts click /marketsFull USDA WASDE Reporthttp://www.usda.gov/oce/commodity/wasde/latest.pdf
Full Coverage OF USDA WASDE ReportCorn Used in the Production of Ethanol is Raised 15 Million Bushels
WASDE: Soybean ending stocks are projected at 150 million bushels, down 70 millionWASDE: World Wheat Stocks are Now Expected to Increase During 2013/14 WASDE: Production is Raised 1.0 Million Bales USDA: Crop Production Report USDA Crop Progress Report USDA Export Sales Report
Stu Ellis: Preparing For Thursday’s USDA Reports ============================================================================