Category Archives: Cotton

Comments on USDA Reports

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Corn

In today’s reports, corn lead the bullish surprises mainly based on the Grain Stocks report. Stocks as of December 1, 2012 were estimated at 8.03 billion bushels which indicated a 300 million bushel higher feed and residual use than earlier projected. The trade on the average expected 8.21 billion bushels. Production was increased 55 million bushels in the annual production summary on a 1.1 bushel per acre bump in yield to 123.4 bushels per acre. Continue reading


Weekly Crop Marketing Comments

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  Price Change
U.S. Dollar 79.62 -0.99
Crude Oil 93.04 +0.62
Dow 13,492 +57

Corn and wheat prices are up with cotton and soybean prices mixed for the week. USDA’s release of their monthly Supply & Demand report, Quarterly Grain Stocks report, Crop Production Summary, and Winter Wheat Seedings certainly provided the market with a wealth of information here at the end of the week. All in all the reports have been considered bullish for corn and wheat, neutral for soybeans, and bullish to neutral for cotton. Continue reading