USDA production & storage Report, in a nut shell

**charliep** · Sep 30, 2010, 08:39

Hot link for blackberry guys.

[URL="http://news.tradingcharts.com/futures/3/4/146219743.html"]USDA[/URL]

**boarderbloke** · Sep 30, 2010, 11:43

thanks, cp

**charliep** · Sep 30, 2010, 13:04

No problem.

Found todays futures action interesting after the report.

Beanoil strong all day. Haven't done the detailed research/thought process but up 60 points at the close should add some optimism.

Corn down all day but closed way off the lows. Note the issue about early harvested new crop corn/perhaps some showing up in inventory. Starting tomorrow, the corn will re-focus on yields.

**charliep** · Sep 30, 2010, 13:09

Apologize for being the numbers guy but the 300 mln bu higher Sept. 1 carryover (7.5 mln tonnes) than trade expectations is about 75 % of a normal western Canadian barley crop and perhaps closer to 90 % of this years crop. Monday will be the next round of Canadian forecasts.

**charliep** · Sep 30, 2010, 13:10

The 300 mln bu surprise is US corn by the way.

USDA production & storage Report, in a nut shell