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Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Fri May 9, 2014 05:25 PM CDT

The USDA released its first estimates for the 2014/15 crop in today's report. In his article Let the Guessing Games Begin, fellow DTN analyst Todd Hultman warns that these are early days and "this year's grain game has barely begun."

If we go back to the May 2013 estimates of the 2013/14 global grain carryouts, we see that while the estimate for the global wheat carryout is very close to the current USDA estimate for the current crop year, the current estimate for the global corn carryout is 8.9% higher than the May 2013 estimate, while the current soybean estimate ...

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