USDA will release its monthly S&D today at noon, Eastern Time.
We do not expect it to be a big market mover, but, after yesterday's sell-off, friendly wheat, neutral to friendly beans and steady on the corn.
The market expectations are:
Yield at 171.9 bpa (171.0-174.5) and October at 171.9
US carryover at 1.207 billion bu (1.050-1.390) and October at 1.172 billion bu
World carryover at 300.63 million mt (289.0-306.0) and October at 301.19 million mt.
Yield at 49.8 bpa (49.2-50.9) and October at 49.8
US carryover at 212 million bu (185-296) and October at 200 million bu
World carryover at 100.61 million mt (99.40-102.20) and October at 100.52 million mt.
US carryover 578 million bu (541-606) and October at 576 million bu
World carryover at 266.52 million mt (264.70-268.50) and October at 267.54 million mt.