USDA June 1 Crop Production

Traders in Chicago say this morning's historical crop report during trading hours was "rather uneventful." We have comments about today's report from Brian Hoops, Midwest Market Solutions, during a teleconference hosted by the Minneapolis Grain Exchange.

John Hawkins

Published: Jun 12, 2012

Here are highlights from this morning's USDA crop reports. All numbers are in billions of bushels:

June Crop Production

	USDA June 1	Trade Avg.	Range	USDA May 1
All Wheat	2.234	2.222	2.112-2.310	2.245
Winter Wheat	1.680	1.650	1.595-1.689	1.694
Hard Red Winter	1.020	0.996	0.957-1.027	1.032
Soft Red Winter	0.428	0.422	0.400-0.450	0.428
White Winter	0.231	0.231	0.219-0.236	0.233

2011-12 Ending Stocks

	USDA June 1	Trade Avg.	Range	USDA May 1
Corn	0.851	0.826	0.688-0.901	0.851
Soybeans	0.175	0.197	0.170-0.218	0.210
Wheat	0.728	0.757	0.727-0.775	0.768

2012-13 Ending Stocks

	USDA June 1	Trade Avg.	Range	USDA May 1
Corn	1.881	1.740	1.223-1.950	1.881
Soybeans	0.140	0.147	0.112-0.211	0.145
Wheat	0.694	0.728	0.653-0.772	0.735

Early trade reaction is lower corn and wheat, higher soybean

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