Market Matters Blog
Pat Hill DTN Markets Editor

Tuesday 11/03/09
The Parade Continues

Another private crop estimate came out Tuesday afternoon, from the Linn Group.

The Linn Group shaved a little off its Oct estimates, Reuters reported Tues afternoon, citing lighter test weights and crop losses in the northern part of the Corn Belt, and also the late harvest. But losses in the Delta from flooding will be more than covered by strong yields across the Midwest, the company said.

The firm now pegs the corn crop at 13.025 billion bushels on average yield of 164.3 bushels per acre. Production is down 219 million bushels from its October estimates, but still above USDA's October estimate 13.018 bb.

For soybeans, Linn Group is predicting production of 3.325 bb on yield of 43.4 bpa, down 86 mb from its October estimate, but still 75 mb above USDA's October tally.

Wednesday will bring more estimates, including Informa's in the morning, and FCStone in the afternoon.
Posted at 1:00PM CST 11/03/09
Comments (2)
perhaps we have a chance to see a wider spread of pre-report estimates then we did last month?????usually as harvest gets closer we are suppose to have a better idea of yields..........not less!!.......this along with what appears to be very volatile outside markets should keep producers on their toes when trying to make good marketing decisions.......
Posted by Jeremey Frost at 2:18PM CST 11/03/09
hold on to your shorts we are in for a ride! They are saying in one area I read that Brazil planted early variety beans and this will be short lived but I feel differently on it. Brazil has just as many obstacles as we do here in the Midwest (Ia) to get through yet! Time will tell and market watch is just as important now as it was last year when things were much higher! Good Luck! Lisa
Posted by l d at 7:37AM CST 11/04/09
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