USDA Supply/Demand Report Recap
Friday, October 10, 2014, 11:10 AM
Submitted by: Jon Setterdahl
Monthly USDA S/D out at 11am….numbers pretty much as trade expected. Corn yield 174.2bpa, production 14.475Bln, and carryout 2.081Bln. Soybean yield 47.1bpa, production 3.927Bln, and carryout 450Mln. World production/carryout numbers also close to trade estimates. After a couple minutes of market volatility, we are back trading at pre-report levels and talking about harvest weather the next 2 weeks.
All in all: no suprises