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WASDE numbers

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  • WASDE numbers

    Big USDA report came out today. And by "big" I mean big yields are predicted.

    Highlights include:

    -167.4 bu. corn crop, which would be a record
    -45.4 bu. soybean crop, which would also be a record
    -world wheat production raised to 716.1 million tons
    -ending cotton stocks predicted at 5.6 million bales
    -rice crop forecast jumps 21%
    -meat production expected to increase due to lower feed costs

    What do you think? Spot-on? A little off? Way off?
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