USDA Snapshot
In today's eagerly awaited USDA S&D and crop production report here's what we got:
Wheat Production
USDA Avg Est Range
All Wheat 2.026 2.091 1.994-2.145
Winter Wheat 1.502 1.526 1.446-1.550
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2008/09 End Stocks
Corn 1.600 1.711 1.645-1.879
Beans 0.130 0.130 0.086-0.148
Wheat 0.669 0.687 0.655-0.700
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2009/10 End Stocks
Corn 1.145 1.383 1.129-1.720
Beans 0.230 0.239 0.148-0.528
Wheat 0.637 0.653 0.570-0.742