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MARKET COMMENTARY

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

 

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