USDA Releases the latest Ending Stocks and World Production Numbers - April 10, 2012Tue, 10 Apr 2012 08:11:30 CDT
Tom Leffler of Leffler Commodities
The USDA released the latest Ending Stocks and World Production numbers this morning. There was some disappointment in the corn numbers in that USDA left the Ending Stocks for corn unchanged at 801 million bushels. Soybeans came in at 250 million which was close to the trade estimate, 25 million below last months number. The wheat came in just slightly below trade estimates at 793 million bushels.
As far the the World Stock numbers, the corn, wheat and soybeans all came in anywhere from two to three million metric tons lower than last month.
Click on the following link to view the actual numbers in the latest USDA report. USDA Ending Stocks for April 10, 2012
Tom Leffler of Leffler Commodities says the numbers are friendly for the markets today, even with the corn numbers unchanged. You can hear Tom's analysis of the report by clicking on the listening bar below.
WebReadyTM Powered by WireReady®NSI
Top Agricultural News