Friday Acreage Report Key to Grain Trading

By International Business Times,  June 28, 2012, 10:53:40 AM EDT

Friday morning's planted acreage report by the USDA could be a game changer during a critical growing time for grains.

The report is due at 7:30 a.m. Central Friday.

The next 40 days are critical for the 2012-13 corn and beans season. This has been the warmest year and among the top 10 driest on record.

ORIGINAL ESTIMATES

With this year's corn ending stocks, come the start of the new marketing year Sept. 1 with a minimal 50-day supply and next year's bean ending stocks already projected to be the lowest since 1965.

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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