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Ag Markets Consider Monday's Reports

CHICAGO - Apr 6/06 - SNS -- International agricultural commodity markets remain quiet, with some Asian countries on holiday and markets trying to sort out the final mix of crops that will be planted in North America this spring.

Attention is also turning to Monday's crop report and updated supply and demand forecasts from the USDA. Surveys of traders reveal the average prediction for the corn ending stock estimate is 90 million bushels below last month at a forecast 2.261 billion bushels. Guesses range between 2.101 and 2.34 billion.

Average trade guesses for the soybean ending stock estimate is 574 million bushels, up 9 million from the March forecast. Guesses range between 555 and 602 million bushels.

In the case of wheat, traders think ending stocks could range between 457 and 562 million bushels, with the average guess coming in at 534 million, down from last month's 542 million bushel ending stock forecast.


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