September 12, 2017
At 11 a.m. CST this morning, USDA will release its September World Agricultural Supply and Demand Estimate (WASDE) report.
The market is hoping this report will settle a current discrepancy in yield expectations. The August WASDE report estimates a corn crop of 169.5 bpa and a soybean crop of 49.4 bpa. A more recent survey from 32 market experts, however, has the corn and soybean crops a little lower, at 167.9 bpa and 48.7 bpa, respectively.
Trading this morning so far has revealed a lot of people are taking a “wait and see” approach for the WASDE numbers. After a couple of fairly volatile weeks, grain prices are trading in a narrow range this morning, with a few exceptions. Here’s a quick look at the numbers.
Will USDA revise downward to match trade expectations or stay firm on its current higher estimates? Right now, that’s anybody’s guess – but be sure and tune back into FarmFutures.com at 11 a.m. CST for the latest numbers, plus comprehensive and exclusive analysis.
Listen to the report using the audio link on this page.
Senior Editor Ben Potter brings more than 14 years of professional agricultural communications and journalism experience to Farm Futures. He began working in the industry in the highly specific world of southern row crop production. Since that time, he has expanded his knowledge to cover a broad range of topics relevant to agriculture, including agronomy, machinery, technology, business, marketing, politics and weather. He has won several writing awards from the American Agricultural Editors Association, most recently on two features about drones and farmers who operate distilleries as a side business. Ben is a graduate of the University of Missouri School of Journalism.
For more corn, wheat and soy news, commodity marketing recommendations and daily commodity charts, subscribe to Farm Futures' free e-newsletter, Farm Futures Daily, and keep up during the day with Farm Futures on Twitter.
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