By Mark Lahti, Farms.com
USDA Released the latest WASDE, World Agriculture Supply and Demand Estimates Report today and it will be seen as a bearish for corn and wheat, bullish for soybeans.
Some of the WASDE report highlights:
Corn Yields: at 155.3 bushels per acre / 1.3 Bushels per acre higher than expected.
Corn Production: Better than expected at 13.84 Billion bushels is higher the industry estimates
Soybean Yields: 41.2 bu/acre which is same as industry estimates.
Soybean Production: 3.149 Billion bushels is close to industry estimates at 3.15 Billion
Corn prices drop and Soybeans jump - Check out the futures prices and charts click /markets
Full USDA WASDE Report
http://www.usda.gov/oce/commodity/wasde/latest.pdf
Full Coverage OF USDA WASDE Report
Corn Used in the Production of Ethanol is Raised 15 Million Bushels
WASDE: Soybean ending stocks are projected at 150 million bushels, down 70 million
WASDE: World Wheat Stocks are Now Expected to Increase During 2013/14
WASDE: Production is Raised 1.0 Million Bales
USDA: Crop Production Report
USDA Crop Progress Report
USDA Export Sales Report
Stu Ellis: Preparing For Thursday’s USDA Reports
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