OMAHA (DTN) -- USDA should build on the drama it created following its March 28 Quarterly Stocks report. All eyes will also be on South American production estimates.
USDA will release its latest Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports at 11 a.m. CDT Wednesday.
If USDA's March 28 Quarterly Stocks number is to be believed, and at this point there is nothing else to go on, then average demand over the last half of the 2012-2013 marketing year would project to a U.S. ending stocks figure of about 885 million bushels. The average pre-report ...