Grain traders are preparing for tomorrow’s USDA Crop Production and WASDE reports. A Bloomberg survey shows analysts expect the national corn yield to decline from 181.2 to 180.6 bushels per acre, lowering production to nearly 15.9 billion bushels. Corn ending stocks are expected to remain near 1.85 billion bushels. The soybean yield is projected to increase from 53.1 to 53.5 bushels per acre, with ending stocks rising to 332 million bushels. Wheat ending stocks are expected to increase slightly to 744 million bushels. USDA will release both reports tomorrow at 11 a.m. Central.
