USDA is preparing for a data dump of sorts on Tuesday. The World Agricultural Supply and Demand Estimates (WASDE), Crop Production, annual Crop Production, Grain Stocks, Winter Wheat Seedings, and six other reports will be published in the 12 o’clock hour.
It’s tough to say what the biggest report will be, but Brian Basting of Advance Trading, Inc. is keeping an eye on several of these, including the final size of the 2020 corn, soybean and wheat crops.
“The trade estimate that came out the end of last week are looking for slightly smaller production estimates for corn and beans,” he said. “About 15 million bushels smaller on soybeans and about 75 million bushels smaller in corn.”