USDA reports show bullish estimates

01/12/2011 - 01/24/2011

USDA released annual Crop Production figures this morning, as well as monthly world Supply/Demand (WASDE) and Grain Stocks reports. USDA released annual crop production figures that show both the nation's corn and soybean crops were slightly lower than originally pegged, numbers expected to be bullish to the trade Wednesday. Soybeans are expected to open around 20 cents higher, while corn and wheat are expected to open 10-15 cents higher, analysts say.


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