USDA Stocks Data

The USDA March 1st stocks data came in pretty close to the average trade estimates, with soybeans towards the lower end of the range:

      USDA      Avg       Range       2008
Stocks
------------------------------------------------
Corn 6.960 7.003 6.888-7.146 6.859
Soybeans 1.300 1.322 1.295-1.353 1.434
Wheat 1.040 1.062 0.980-1.113 0.709