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WASDE: Higher Than Expected Corn Production


By Mark Lahti, Farms.com

USDA 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 estimates

Soybean 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 Billion


Corn prices drop and Soybeans jump - Check out the futures prices and charts click /markets


Full  USDA WASDE Report
http://www.usda.gov/oce/commodity/wasde/latest.pdf

Full Coverage OF USDA WASDE Report

Corn Used in the Production of Ethanol is Raised 15 Million Bushels

WASDE: Soybean ending stocks are projected at 150 million bushels, down 70 million

WASDE: 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

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