Trade Estimats for Tuesday's USDA reports:

USDA will release their monthly S&D data, as well as new production estimates and likely acreage adjustments on Tuesday, August 12th.
*Trade Estimates for Carryout:
Old-crop Corn= 1.599 bil bushels avg, range= 1.483-1.648, July USDA= 1.598, year-ago= 1.304.
New-crop Corn= 991 mil avg, range= 704-1.235, July USDA= 833.
Old-crop Beans= 130 mil avg, 117-140 range, July USDA= 125, year-ago= 574.
New-crop Beans= 142 mil avg, 109-205 range, July USDA= 140.
Wheat= 525 mil avg, 489-578 range, July USDA= 537.

*Trade Estimates for Production:
Corn= 11.938 avg, (152.3 bpa) range= 11.100-12.330 bil, July USDA= 11.715, 2007=13.074
Beans= 3.003 avg, (41.6 bpa) range= 2.957-3.100, July USDA= 3.0, 2007= 2.585
All Wheat= 2.459 avg, range= 2.422-2.537, July USDA= 2.461, 2007= 2.067
All Winter= 1.873 avg, range= 1.846-1.930, July USDA= 1.864, 2007= 1.516
Other Spring= 510 mil, range= 485-570, July USDA= 507, 2007= 072
Durum= 84 mil avg, range= 70-90, July USDA= 90, 2007= 72

Published Sunday, August 10, 2008 4:15 PM
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