USDA Ending Stock and World Production Numbers Are A Mixed BagThu, 09 Feb 2012 08:06:31 CST
The USDA released the Ending Stocks and World Production numbers this morning, Thursday, February 9, 2012, for corn, soybeans and wheat. The numbers were a mixed bag with corn ending stocks at 801 million bushels, slightly above the pre-report estimates. Soybean ending stocks came in unchanged from January at 275 million. There was a surprise in the wheat ending stocks, however, as it came in below the trade estimate and even below last months numbers at 845 million. The world ending stocks showed corn and soybeans lower and wheat with an increase.
You can see the all the numbers by clicking on the following link:
USDA Ending Stocks and World Production Numbers
Tom Leffler of Leffler Commodities gives us his analysis of this mornings USDA Grain Report. Click on the listening bar at the bottom of the page.
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