Report day's on its way!

Report day's on its way!

By: Jeff Caldwell 01/11/2011 @ 9:53am

On Wednesday, USDA will be releasing some big crop numbers, including its annual Crop Production report as well as monthly supply/demand and grain stocks figures.

So, what will they all mean for the trade? Analysts are split on where the government will peg domestic soybean crop and supply, though there's more agreement that soybean supplies abroad -- especially in South America -- will be on the lower side.

Meanwhile, farmers say they expect USDA's corn numbers to keep the market from sliding too much, though some feel it's better not to get too bullish just yet.