Nov 10th 2014
Grain Marketing Specialist
USDA Crop Production report release at 11 am CST
Corn: As of 7:45- 1 lower
The main focus today will be the release of the Nov USDA data. Ave yield guess is at 175.23 bpa and total production at 14.551 billion. Harvest production expected to be around 80% complete this afternoon with most progress in the west leaving the ECB lagging.
Soybeans: As of 7:45- 3 higher
Average yield estimates at 47.6 with total production at 3.967 billion. Harvest expected to 90% complete this afternoon. Crush margins remain good and SA receiving some moisture. We are a little firmer this morning into the report.
Wheat: As of 7:45- 1 lower
The main focus today will be on the row crops leaving wheat to be a follower. Wheat stocks in this morning’s report expected to show a slight increase to 660 mbu up from 654 in Oct. Wheat is slightly lower across the board this morning.