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 +

Soybeans Close Higher, Corn Lower By: 08/18/2014 @ 8:39am DES MOINES, Iowa (Agriculture.com)--After starting lower, the CME Group soybean market finished…

Corn Market Seen Higher Monday By: 08/18/2014 @ 8:08am On Monday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

Summing Up a Head-Scratcher of a Grain… By: 08/15/2014 @ 12:46pm Traders end the week the same way they started it, by scratching their heads. Confusion reigned…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Can Corn Catch Fire in September?