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Commodity Trading Discussion Forum

Re: WASDE Report on Corn and Beans

Posted By: Swedish Air Defense Minister
Date: Friday, 9 May 2008, at 9:49 a.m.

In Response To: Re: Bonds--little roundtop (cowboy)

Although I realize that virtually no one around here trades on fundamental news, and virtually everyone here is a permabear on grains and everything else, here are the numbers from today's WASDE report:

Projected corn production down 700 million bushels from last month (10.1 bbu from 10.8 bbu projected last month) with ending stocks of 763 million bu.

Soybean ending stocks 185 million bu.

Of course, these wildly bullish numbers have probably already been discounted by the market in the last two days of trading, so there is no telling which way the market will go.

If you want to print this message, you might have better results, and waste less paper if you print this printer friendly page.

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