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USDA production & storage Report, in a nut shell

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    #1

    USDA production & storage Report, in a nut shell

    http://news.tradingcharts.com/futures/3/4/146219743.html
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    #2
    Hot link for blackberry guys.

    [URL="http://news.tradingcharts.com/futures/3/4/146219743.html"]USDA[/URL]

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      #3
      thanks, cp

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        #4
        No problem.

        Found todays futures action interesting after the report.

        Beanoil strong all day. Haven't done the detailed research/thought process but up 60 points at the close should add some optimism.

        Corn down all day but closed way off the lows. Note the issue about early harvested new crop corn/perhaps some showing up in inventory. Starting tomorrow, the corn will re-focus on yields.

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          #5
          Apologize for being the numbers guy but the 300 mln bu higher Sept. 1 carryover (7.5 mln tonnes) than trade expectations is about 75 % of a normal western Canadian barley crop and perhaps closer to 90 % of this years crop. Monday will be the next round of Canadian forecasts.

          Comment

            #6
            The 300 mln bu surprise is US corn by the way.

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