OMAHA (DTN) -- Pre-report estimates heading into Friday's May USDA Supply and Demand and Crop Production reports are mixed. The question is, do the markets agree?
USDA will release its latest Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports at 11 a.m. CDT Friday.
Pre-report estimates for corn show old-crop (2013-2014) ending stocks falling by another 15 million bushels, most likely due to a similar increase in export demand. While weekly shipments remain behind pace to meet USDA's April projection of 1.75 billion bushels, the weekly curve continues to show a solid increase in movement. Assuming ...