November 10, 2014 Leave a comment


USDA Report released today at 11am, markets opened strong this morning positioning prior to the report.  Corn remains strong while beans turned weaker.

 

As of 11:30am

Dec Corn +6 @3.73 1/2

Jan Beans -2 @ 10.34 ¾

 

2014/15 US Production
USDA Average Estimate Estimate      Range USDA    Oct ’14
November
Corn 14.407 14.551 14.242-14.842 14.475
    Yield 173.4 175.2 171.4-178.6 174.2
Soybeans 3.958 3.967 3.903-4.064 3.927
    Yield 47.5 47.6 46.8-48.7 47.1
2014/15 US Ending Stocks
USDA Average Estimate Estimate      Range USDA    Oct ’14
November
Corn 2.008 2.135 1.850-2.282 2.081
Soybeans 0.450 0.442 0.403-0.513 0.450
Wheat 0.644 0.660 0.634-0.682 0.654
2014/15 World Ending Stocks
USDA Average Estimate Estimate      Range USDA    Oct ’14
November
Corn 191.500 190.770 185.600-194.180 190.580
Soybeans 90.280 90.370 89.500-92.550 90.670
Wheat 192.900 192.150 189.790-196.400 192.590

 

 

Greg Mockenhaupt

ProEdge Risk Management Consultant

P: (402) 685-5613 | C: (402) 380-9855 | Greg.Mockenhaupt@cvacoop.com

1007 County Road O

Oakland, NE 68045

www.cvacoop.com

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Unknown's avatarAbout katcountryhub
I am a graduate of Northeast Community College with a degree in journalism. I am married to Jeff Gilliland. We have two grown children, Justin and Whitney and four grandchildren, Grayce, Grayhm, Charli and Penelope. I will be covering Lyons, Decatur, Bancroft and Rosalie and am hoping to expand my horizons as time progresses!

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