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 +

Soybeans Close 18¢ Lower By: 10/30/2014 @ 8:47am DES MOINES, Iowa (Agriculture.com)—The CME Group farm markets close lower Thursday.At the close…

Corn, Wheat to Trade Higher Thursday By: 10/30/2014 @ 7:44am On Thursday, the CME Group's corn, soybean, and wheat markets are expected to start…

Soybeans Close 35¢ Higher Wednesday By: 10/29/2014 @ 9:12am DES MOINES, Iowa (Agriculture.com)—On Wednesday, the CME Group soybean complex ended on a sharp…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Looking Out for Soybean Cyst Nematodes