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Barchart
Barchart
Jim Wyckoff

Get Ready for a Big USDA Data Week in the Wobbly Grain Markets

USDA United States Barchart

With soybean (ZSF26) and wheat (ZWH26) (KEH26) markets presently on a slippery slope and corn (ZCH26) grinding sideways, grain traders will get to feast on a fresh batch of economic data from the United States Department of Agriculture early this week. 

On Tuesday, the USDA will release its December World Agricultural Supply and Demand Estimates (WASDE). Analysts surveyed by Bloomberg, on average, look for the agency to lower its estimate of U.S. corn ending stocks by 8.2 million bushels from its November figure to 2.146 billion bushels. The analysts look for USDA to peg U.S. soybean ending stocks up 16 million bushels, to 306.1 million bushels. And analysts, on average, look for USDA to peg U.S. wheat stocks down 7.2 million bushels at 893.8 million bushels.

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