Monday Outlook: USDA Report Week


The United States is very likely going to produce a record amount of corn this year. One of the last signs hedgers will be assessing before the harvest is this Thursday’s USDA crop production and World Agricultural Supply & Demand Estimates.  They are expected to again show record yield levels for corn – something close to last month’s estimate of 167.4 bushels/acre, which would be a record. To put the reports in perspective, CME Group is  hosting a pre-report panel on Wednesday afternoon on the floor of the Chicago Board of Trade.


Economic Calendar


NFIB Small Business Optimism Index 7:30 AM ET

Federal Reserve Gov. Daniel Tarullo speech 10:00 AM ET



U.S. Dairy Product Sales 3:00 PM CT



U.S. Quarterly Services Survey 10:00 AM ET

USDA Supply/Demand 11:00 AM CT

U.S. Crop Production 11:00 AM CT



U.S. Import and Export Prices 8:30 AM ET

U.S. Business Inventories 10:00 AM ET



The Federal Reserve released their survey of consumer finances (Federal Reserve)

Government probe slows copper imports for China (Wall Street Journal)

China’s purchases of U.S. soybeans are up this year (Farm Futures)

CME Group Executive Chairman & President Terry Duffy talks HFT, volatility and a Fed rate increase  (Chicago Tribune)

Record output for corn as harvest season approaches (Wall Street Journal)

What a record crop will mean for planting intentions (Futures Magazine)

China has almost 70 percent more shale gas reserves than the U.S. (The Economist)

South Korea, Mexico want the U.S. to lift the oil export ban (Reuters)

The Futures Industry ALS Ice Bucket Challenge compilation  (John Lothian News)



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