Bower Trading is a full service commodities brokerage founded in 1998 by James Bower on the idea of providing investors, traders, and producers an avenue to participate as efficiently and as correctly in the high risk and ever-changing commodities futures and options market.
Bower Trading provides services customized to each client. Each client’s investment and hedging needs vary, which is why we offer a variety of accounts.
Bower Trading President Jim Bower has extensive media experience that spans more than three decades. His expertise on global market conditions makes him one of the most knowledgeable market analysts in the world.
January 12th, 2017 S/D Crop Report
Soybeans
16/17 Projected US Yield @ 52.1 bu/acre
Est @ 52.7 (51.6-53.5) bu/acre
November @ 52.5 bu/acre
16/17 Projected US Production @ 4.307 bb
Est @ 4.374 (4.262-4.440) bb
November @ 4.361 bb
16/17 Projected US Quarterly Stocks @ 2.895 bb
Est @ 2.935 (2.745-3.119) bb
December 2015 @ 2.715 bb
16/17 Projected US Ending Stocks @ 420 mb
Est @ 468 (407-510) mb
December @ 480 mb
16/17 Projected Global Stocks @ 82.32 mmt
Est @ 82.58 (79.60-84.50)
December @ 82.85 mmt
16/17 Projected World Soybean Production
Argentina @ 57 mmt December @ 57 mmt
Brazil @ 104 mmt December @ 102 mmt
China @ 12.9 mmt December @ 12.5 mmt
Corn
16/17 Projected US Yield @ 174.6 bu/acre
Est @ 175.1 (172.3-176.5) bu/acre
November @ 175.3 bu/acre
16/17 Projected US Production @ 15.148 bb
Est @ 15.196 (14.999-15.320) bb
November @ 15.226 bb
16/17 Projected US Quarterly Stocks @ 12.384 bb
Est @ 12.30 (11.6-12.7) bb
December 2015 @ 11.238 bb
16/17 Projected US Ending Stocks @ 2.355 bb
Est @ 2.385 (2.206-2.800) bb
December @ 2.403bb
16/17 Projected Global Stocks @ 221 mmt
Est @ 221.94 (218-225)
December @ 221.25 mmt
16/17 Projected World Corn Production
China @ 219.55 mmt December @ 219.55 mmt
Argentina @ 36.5 mmt December @ 36.5 mmt
South Africa @ 13 mmt December @ 13 mmt
Brazil @ 86.5 mmt December @ 86.5 mmt
Eu-27 @ 60.7 mmt December @ 60.7 mmt
Mexico @ 24.5 mmt December @ 24.5 mmt
Wheat
16/17 Projected US Quarterly Stocks @ 2.073 bb
Est @ 2.056 (1.828-2.158) bb
December 2015 @ 1.746 bb
16/17 Projected US Ending Stocks @ 1.186 bb
Est @ 1.148 (1.113-1.340) bb
December @ 1.143 bb
16/17 Projected Global Stocks @ 253.29 mmt
Est @ 252 (250.23-254)
December @ 252.14 mmt
16/17 Projected World Wheat Production
Argentina @ 15 mmt December @ 14.4 mmt
Australia @ 33 mmt December @ 33 mmt
China @ 128.85 mmt December @ 128.85 mmt
EU -27 @ 144.32 mmt December @ 143.97 mmt
Canada @ 31.7 mmt December @ 31.7 mmt
India @ 90 mmt December @ 90 mmt
FSU-12 @ 131.43 mmt December @ 131.43 mmt
Ukraine @ 27 mmt December @ 27 mmt
Russia @ 72.5 mmt December @ 72 mmt
16/17 Projected US Total Winter Wheat Seedings @ 32.383 million acres
Est @ 34.139 (31.7-36.381) million acres
2016 USDA Acres @ 36.137 million acres
16/17 Projected US Hard Red Winter Wheat Seedings @ 23.30 million acres
Est @ 24.954 (22.6-26664) million acres
2016 USDA Acres @ 26.586 million acres
16/17 Projected US Soft Red Winter Wheat Seedings @ 5.68 million acres
Est @ 5.662 (4.8-6.6) million acres
2016 USDA Acres @ 6.02 million acres
16/17 Projected US White Winter Wheat Seedings @ 3.31 million acres
Est @ 3.473 (3.2-4.3) million acres
2016 USDA Acres @ 3.396 million acres
Disclosure Statement
Futures and commodities trading involve significant risk and is not suitable for every investor. Information contained herein is strictly the opinion of its author and is intended for informational purposes and is not to be construed as an offer to sell or a solicitation to buy or trade in any commodity or security mentioned herein. Information is obtained from sources believed reliable, but is in no way guaranteed. Opinions, market data, and recommendations are subject to change at any time. Past results are not indicative of future results. This material has been prepared by a sales or trading employee or agent of Bower Trading and is, or is in the nature of, a solicitation. This material is not a research report prepared by Bower Trading’s Research Department.
© Bower Trading, Inc., 2016