The USDA just released the monthly WASDE – download the pdf here: http://www.usda.gov/oce/commodity/wasde/latest.pdf
Excerpts:
U.S. wheat supplies for 2011/12 are raised 90 million bushels as higher carry in and production more than offset reductions in imports and higher use. Beginning stocks are raised 52 million bushels mostly reflecting higher estimated carryout for 2010/11 as reported in the June 30 Grain Stocks report. Production for 2011/12 is forecast at 2,106 million bushels, up 48 million from last month as higher winter wheat production and higher forecast yields for durum and other spring wheat more than offset lower area as estimated in the June 30 Acreage report.
U.S. feed grain supplies for 2011/12 are projected higher this month mostly with higher expected beginning stocks and production for corn. Corn beginning stocks are raised 150 million bushels reflecting changes to 2010/11 usage projections. Corn production for 2011/12 is projected 270 million bushels higher based on planted and harvested area as reported in the Acreage report.
Soybean production is projected at 3.225 billion bushels, down 60 million due to reduced harvested area.
