Farms.com Risk Management Commodity Research Analyst M. lamirande analysing May 10 USDA World Agriculture Supplies and Demand Estimates Report .
Watch Video:
Our first impressions are the following:
Bearish corn futures prices.
Bullish soybean futures prices.
Bullish wheat futures prices.
Here is the full coverage of WASDE report
WASDE: Corn Production For 2012/13 Is Up 2.4 Billion From 2011/12.
WASDE: Soybean Production Is Projected Higher Than last Year
WASDE:U.S. Wheat Is For Larger Supplies But Lower Prices.
WASDE: Higher Supply, Demand for U.S. Cotton
WASDE: Higher Pork and Poultry Production is Projected, Decline in Beef Production
Today USDA aslo released May crop production report
To Veiw Full Crop production report, Please click here
Experts Opinion:
D Good: As Usual, USDA Report Surprises.
The WASDE report, which included the first forecasts for the 2012-13 marketing year, contained some very bearish projections for corn, but the soybean and wheat forecasts have mixed implications.
--------------
Stu Ellis: Fasten Your Seatbelt For Today's USDA Report.
USDA blew the cobwebs off its calculators and forecast a 14.8 billion bushel corn crop for 2012, helped by a 5.1 million acre increase in corn and a record 166 bushel yield average.
================================
Few Other Reports Released By USDA Today
USDA: Export Sales Highlights
USDA: April Weather Summary
Click here to see more...