Bullish USDA Report!!!!

[SASKFARMER3]

Stats Canada will screw us but for a while here is USDA report.
BULLISH REPORT: The USDA pegged the U.S. 2010-11 corn production at (12.540 billion bushels) compared to its October estimate of 12.664 billion and the average trade estimate of 12.545 billion bushels.

The government reached that total production figure by estimating the average corn yield at (154.3 bushels per acre), below its October estimate of 155.8. Tuesday’s yield estimate is below the average trade estimate of 154.4 bushels per acre. U.S. corn 2010-11 carryout was lowered to 827million bushels, lower than the average estimate of 840 million.


For soybeans, the USDA estimates the 2010-11 production at (3.375 billion bushels), vs. an October estimate of 3.408 billion bushels and an average trade estimate 3.426 billion.

In its report, the USDA pegged the 2010-11 soybean yield at (43.9 bushels per acre) vs. its October estimate of 44.4 and the average trade estimate of 44.6 bushels per acre.

[ajl]

Remember when the USDA was forcasting record production last spring. USDA reports may possibly have less credibility than a wheat board PRO. That would be a feat.

[mcfarms]

Houston we have a go for takeoff ....... up 14 this morning look out 15 bucks here I come

[cottonpicken]

Roger that housto have made a sucesful landing at the best place on earth but judgment has become impaired from 18 hours of drinking that's right ******* I'm at the venetian in vegas boo yaaaa hahahahha

[LWeber]

http://www.grandcanyonskywalk.com/

[mcfarms]

There goes alll cottons profit, say hi to the girls at the Olympic gardens for me,

[SASKFARMER3]

Good on you cotton! looked into it for this weekend but wife working!
Can stay at Mandalay Bay cheap!

[newguy]

Cheaper than 3 nights at Imperial palace 34 bucks total. That is a wekend also. .

[MoeAgostino]

Some real strength in oilseeds.
Moe


>

[fjlip]

Not Oats...
CBOT oat futures ended lower, stumbling after USDA cut its forecast for global coarse grain consumption during a morning supply/demand report, expecting reduced oat feeding in Russia/China. Spillover weakness from neighboring corn wheat futures weighed on prices as well.

[cottonpicken]

Holy shit guys **** in with the wives surprise
present the iPad god damn incredible don't
hesitate