Street Estimate for USDA Corn Report; Corn Futures Steady

The USDA World Agricultural Supply and Demand Report (WASD) is due out Wednesday at 12:00 p.m. ET. The street estimates for U.S. corn crop yield is around 173.5 bushels/acre versus 174.4 bushels per acre on USDA September corn crop report. The street is estimating Wednesday's USDA report will show ending corn stocks of around 2.359 billion bushels versus 2.384 billion bushels a month ago. Corn futures are trading steady to higher early Monday morning. December Corn is trading at 340 1/2 , up 3/4 of a cent/bushel. March Corn is trading at 350 1/4, up 3/4 of a cent/bushel.