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Monday, 11/10/2014 11:07:20 AM

Monday, November 10, 2014 11:07:20 AM

Post# of 30377
Market seems anxious about the USDA numbers due out later today

Monthly Crop Production due out @ 12:00 PM
Monthly Grain World Markets and Trade Report due at 12:15 PM
Weekly Crop Progress due out @ 4:00 PM

Here are the expectations from Bloomberg:

U.S. farmers may harvest 14.556 billion bushels of corn and 3.969 billion bushels of soybeans this year, the most ever and topping previous U.S. Department of Agriculture forecasts for 14.475 billion and 3.927 billion bushels, a Bloomberg survey showed. The USDA is set to release new estimates later today. World inventories of both crops also will be larger than the earlier forecast, the survey showed.
source

I think the recent run-up on corn prices may be about to come to an end
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