On Friday morning we get another taste of the USDA and their screwed up expectations for the US crop. Listening to farmers and silo operators I have to look for, at least, a 163 yield for corn with bean yield reaching above 43. These are bigger than the current USDA number from SEP but smaller than some of the MASSIVE provate estimates we have seen. Subscribers can see all estimates on the morning wire. This report will set the tone for the following few weeks with only harvest and S. American planting affecting the fundametnal side. The macro side, especially the USD will have a major impact heading into the winter months.

This entry was posted on Wednesday, October 7th, 2009 at 9:22 am and is filed under Grains. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.