Home / News / Crops news / USDA numbers to set tone

USDA numbers to set tone

10/12/2011 @ 7:07am

After surging higher Tuesday, the anticipation builds for this morning's USDA data to be released at 7:30am CST.

The Early Calls for the commodities on Wednesday, October 12, 2011, will be subject to this morning's USDA Crop Production and Supply/Demand Reports. 

In overnight electronic trading, the Dec. corn futures contract traded 5 cents higher at $6.50 per bushel. The Nov. soybean futures contract traded 2 1/2 cents lower at $12.33 per bushel. The Dec. wheat futures contract traded 3 cents lower at $6.57 3/4. For Dec. soymeal futures, the contract traded $0.40 per short ton lower at $320.20 and Dec. soyoil $0.13 higher at $52.31. 

The outside markets are all supportive for Wednesday's grain trade. The real factors driving the calls will be the USDA Report. 

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Low Markets For Years? By: 09/12/2014 @ 10:40am With estimates of record-large crops and the largest corn and soybean ending stocks in nearly a…

Soybeans End Higher, Corn Lower By: 09/12/2014 @ 8:49am DES MOINES, Iowa (Agriculture.com)-- With the governmental data showing big crops ahead, a bearish…

Farm Markets Seen Mixed Friday By: 09/12/2014 @ 7:18am On Friday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Case IH Magnum Rowtrac