Home / News / Crops news / USDA releases mostly bearish data

USDA releases mostly bearish data

09/30/2013 @ 10:39am

As of Sept. 1, the U.S. corn and soybean stocks are estimated to be higher than the trade expectations. As a result, the USDA's data, this morning, is bearish for the farm markets.

For corn, the USDA pegged the Sept. 1 corn stocks at 824 million bushels, compared to the average analysts estimate of 688 million. 

For soybeans, the USDA sees the U.S. soybean stocks at 141 million bushels vs. the trade's expectation of 126 million bushels.

U.S. wheat stocks, as of Sept. 1, are estimated at 1.855 billion bushels compared with the trade's expectations of 1.938 billion bushels.



Discuss the USDA Report in Marketing Talk.


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Corn, Soybeans, Wheat End Lower By: 01/30/2015 @ 8:46am DES MOINES, Iowa (Agriculture.com)—Fund-selling, end of month profit-taking are being blamed for…

Soybean, Corn Markets Close Lower By: 01/29/2015 @ 8:40am DES MOINES, Iowa (Agriculture.com)--The CME Group's soybean and corn markets closed lower…

Grain Markets Seen Extending Losses Thursday By: 01/29/2015 @ 7:27am On Thursday, the CME Group's corn, soybean, and wheat markets are expected to start…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Senator Grassley and his Mower
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]