Grains spike on new USDA estimates

• The grain pits party after the USDA lowers its corn production estimate to 13.76B bushels - still a whopper of a number, but off from 13.95B in July. Ending stocks are cut to 1.837B bushels.


• Bean production is cut to 3.255B bushels from 3.42B as acres planted are cut 500K and yield is lowered to 1.9 bushels/acre.


• No change is made to the wheat production estimate, but 25M bushels of extra exports cuts ending stocks by the same amount.


• December corn erases a sizable early loss, now up $0.15 to $4.69/bushel. CORN +1.5%.


• SOYB +3.4%, WEAT +0.3%.


• Grain ETFs: JJG +1.8%, GRU +2.5%.


• Other related: JJA, RJA, AGF, DBA, FUD, UAG, DAG, AGA, ADZ, JJS, TAGS, USAG, RGRA.

所有跟帖： 

• 王林大师？ -401.king- ♂ (59 bytes) () 08/12/2013 postreply 11:01:05

• 王爷幽默！！ -crosfan- ♂ (82 bytes) () 08/12/2013 postreply 11:23:27

• 你个１８岁娃娃，懂什么？ -401.king- ♂ (165 bytes) () 08/12/2013 postreply 11:40:41

• 哈哈。王爷好。。 -NY棉农- ♂ (0 bytes) () 08/12/2013 postreply 11:56:08

• 富兄才是周伯通，整天换着ID玩。 哈。。。。。 -401.king- ♂ (0 bytes) () 08/12/2013 postreply 11:59:38

• 十年不换，一换冲天。。。赫赫 -NY棉农- ♂ (0 bytes) () 08/12/2013 postreply 12:11:37

• NOD, 王林大师现如今名扬四海。 哈。。。。。 -401.king- ♂ (0 bytes) () 08/12/2013 postreply 12:13:37

• 王爷，咋和王林大师干上啦？？？ -NY棉农- ♂ (368 bytes) () 08/12/2013 postreply 12:38:04