Monthly USDA report will be released today at 12:00 EST. Below is a quick look at expectations for this report. Check website later today for post report commentary and video.
Corn:
Trade is looking for sluggish U.S. demand both domestically and export wise, higher South American production and higher U.S. ending stocks.
2015/2016 Carryout Trade Range
1.812-1.887
2015/2016 Global Carryout Trade Range
207.15-210.00
Soybeans:
Trade looking for increased production out of South America and small increase in U.S. ending stocks.
2015/2016 Carryout Trade Range
440-466
2015/2016 Global Carryout Trade Range
80-82
Wheat:
Trade sees small increase in U.S. ending stocks, wheat crops in U.S. and Europe will be vunerable to weather issues in month ahead
2015/2016 Carryout Trade Range
951-991
2015/2016 Global Carryout Trade Range
236-240
