Preview of Friday's USDA World Ag Supply and Demand Reports.

[MoeAgostino]

I am in Chicago this week so did a remote report on tomorrow's USDA reports. I will update once we see the grain inventories and use data.

Thanks,
Moe Agostino


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[joedales]

USDA World Agriculture Supply and Demand Estimates:

WASDE: Click the link below to find the December 10, report.
<a href="http://www.usda.gov/oce/commodity/wasde/latest.pdf
"target="blank">http://www.usda.gov/oce/commodity/wasde/latest.pdf</a>


Corn: Little Change in Corn Supplies. The projected marketing-year average price received by U.S. corn producers is unchanged this month at $4.80 to $5.60 per bushel.

Soybeans: Oilseed production drops slightly. The U.S. season-average soybean price range for 2010/11 is projected at $10.70 to $12.20 per bushel, unchanged from last month. The soybean meal price projection is also unchanged at $310 to $350 per short ton.

Wheat: Wheat inventories up.
The projected marketing-year average price received by producers is narrowed 5 cents on each end of the range to $5.30 to $5.70 per bushel.



USDA Crop Production Report:

Here is the link to the December 10, 2010 Report.
http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1046