Usda day !

[beaverdam]

"Was yesterday's pressure in the grain markets due to a leak of the data?"

https://www.barchart.com/story/news/1416843/usda-day https://www.barchart.com/story/news/1416843/usda-day

from link; "We were expecting grain markets to relatively mute ahead of the report, but that was not the case. As mentioned in the corn section above, there was a big drop in several commodity prices that could have been tied to a highly leveraged fund blowing up, Archegos Capital Management. It is being reported that this was several billion dollars in losses across a wide variety of markets. All eyes are on today’s USDA report, out at 11:00 AM"

Link also contains a table with prior USDA estimates and trade estimates for stocks and for planting intentions.

[beaverdam]

Prospective Plantings

https://release.nass.usda.gov/reports/pspl0321.txt https://release.nass.usda.gov/reports/pspl0321.txt


Grain Stocks

https://release.nass.usda.gov/reports/grst0321.txt https://release.nass.usda.gov/reports/grst0321.txt

[Partners]

Everything up now..
Go wheat...

[AlbertaFarmer5]

Too bad there isn't a Canadian agricultural commodity marketing forum where Small details such as today's report would warrant a discussion.
Now back to your regularly scheduled COVID Trump and CO2.

[jazz]

These fogging marketing retards. I just got a marketing blast from Viterra 2 weeks ago saying durum stocks were plentiful.


Durum wheat stocks in all positions on March 1, 2021 totaled 42.7 million
bushels, down 17 percent from a year ago. On-farm stocks, at 22.6 million
bushels, are down 4 percent from March 1, 2020. Off-farm stocks totaled
20.1 million bushels, down 28 percent from a year ago. The
December 2020 - February 2021 indicated disappearance of 18.9 million bushels
is 46 percent above the same period a year earlier.

[farming101]

Wow....Do Not Adjust Your Set......
It seems the report wasn't leaked after all....

[fjlip]

Leaked for some to buy LOW, sell today or in future.
US markets limit up, how finishes indicates tomorrow's limits.

[Guest]

Everything up now..
Go wheat...

We may do ok yet !

[checking]

Not so sure. U tube market report a few days back indicated that if USDA was a positive report that there was a $1.00/ bushel increase for soybeans expected.

Feb. report was reported as a likely leak considering the active trade just prior to release from what I recall.

[fjlip]

So there are 50,000 bu bins full?