Just a note to highlight today's report. Yields for spring crop are expert opinion versus survey. Numbers can be found at:
http://jan.mannlib.cornell.edu/reports/waobr/wasde-bb/2002/
Wheat s&d tighter (both US and world). US 2002/03 s&d slighlty tighter but up from June as a result of higher acres. Soybeans stable to tighter but based on optimistic demand estimates. Market will trade this info for maybe 10 minutes (if lucky) and will turn attention to weather.
http://jan.mannlib.cornell.edu/reports/waobr/wasde-bb/2002/
Wheat s&d tighter (both US and world). US 2002/03 s&d slighlty tighter but up from June as a result of higher acres. Soybeans stable to tighter but based on optimistic demand estimates. Market will trade this info for maybe 10 minutes (if lucky) and will turn attention to weather.