The all important WASDE report is due out tomorrow at 7:30 AM CST. This will offer us a final look at 2009 production as well as a good look at 2010 S. American production. I do not expect any major changes to consumption with the US government sitting on their hands concerning Ethanol and the mandate. Overall it should be a benign report with ending stocks looking larger across the board, S. American production expected to see small increases allowing world ending stocks to move higher. This should be a bearish impact countering the continual gains in OI via money flow due to Goldman.

This entry was posted on Monday, January 11th, 2010 at 10:15 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.