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1994 09 19.pdf

1994-09-19.pdf

🔗 Source: farmdoc.illinois.edu

📊 Size: 1.05 MB

👤 Author: Mekel

⬇️ Downloads: 65

Summary

The USDA's September estimates of the US corn and soybean crops were larger than average trade guesses, but the market is expecting even larger estimates in the October report due to better-than-expected yields in the eastern corn belt. Historically, there is a tendency for crop estimates to increase in October following an increase in September. For corn, the average increase in October estimates is 111 million bushels, or 1.4%, which would result in an October estimate of 9.38 billion bushels. For soybeans, the average increase is 25 million bushels, or 1.2%, which would result in an October estimate of 2.14 billion bushels. The market is also closely monitoring the export situation, with expectations of a rebound in US corn and soybean exports from the low levels of the past year.

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Description

The USDA's September estimates of the US corn and soybean crops were larger than average trade guesses, but the market is expecting even larger estimates in...

Technical Information

File Format: PDF
File Size: 1.05 MB
Pages: 2
Language: EN
Author: Mekel
Total Downloads: 65
Last Updated: 1 week ago

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