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What to Expect From This Friday’s Agricultural Data Bonanza

  • USDA issues final 2017 crop estimates, Dec. 1 inventories
  • Wheat planting report also due; analysts expect a 109-year low
Farm hands stack bales of straw as they are collected in a field of where soft red winter wheat has been harvested in Kirkland, Illinois.

Farm hands stack bales of straw as they are collected in a field of where soft red winter wheat has been harvested in Kirkland, Illinois.

Photographer: Daniel Acker/Bloomberg 

Updated on

A wall of data will hit the grain markets at noon on Friday in Washington when the U.S. Department of Agriculture releases several major reports. In addition to its latest monthly World Agricultural Supply and Demand Estimates (WASDE), the agency will publish quarterly inventory numbers and its winter-wheat plantings report. Here are some things to look for.

Any price reaction on the day could be to the upside, as the consensus view in corn, soybeans and wheat is almost uniformly bearish following years of surplus supply. Hedge funds and other large speculators hold the largest bearish bet on grain prices before a January report since data began in 2006.