Grains mixed ahead of USDA reports
U.S. grain and soybean futures are mixed Monday morning, as traders brace for the U.S. Department of Agriculture to issue a monthly crop report that could cause price volatility.
The USDA at noon EDT will issue updated forecasts Monday for supply and demand of commodities including corn, wheat and soybeans. Analysts expect the agency to cut its forecast for the size of this year's U.S. soy harvest and to raise its forecast for the size of the corn harvest.
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Trading is likely to be light and choppy until the report comes out.
With electronic trading paused until the open-outcry session starts at 9:30 a.m. EDT, Chicago Board of Trade August soybeans are up 9 1/4 cents or 0.7% at $13.50 a bushel. September corn is down 1 1/2 cents or 0.3% at $4.64 1/4 a bushel. CBOT September wheat is down 1 1/2 cents or 0.2% at $6.32 a bushel.
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(END) Dow Jones Newswires
August 12, 2013 09:00 ET (13:00 GMT)
DJ U.S. Grains, Soybeans Mixed Overnight Before USDA Report->copyright