date:Nov 09, 2012
or another. If it's trimmed back as much as traders anticipate now -- yielding a slight increase in carryout -- it will be bearish. But that may open up opportunities for farmer-selling based on the likely jump in corn basis levels lower prices could yield.
Either way, Schrad doesn't expect either price reaction or farmers' generally tight-fisted nature with existing grain stocks on hand to change much after USDA officials speak Friday.
We tend to think if USDA comes in with a number close to