The USDA Numbers

Posted by Nogger - a legend in his own mind at 12:50 | Categorized as

Here's a quick note of the scores on the relevant doors from the USDA today:

Wheat production
               USDA Jun   Avg Est   USDA May   2009
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All winter     1.482      1.453     1.458     1.523
HRW wheat      0.979      0.939     0.960     0.919
SRW wheat      0.284      0.288     0.283     0.404
White wheat    0.219      0.217     0.215     0.200
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2009/10 Ending stocks
              USDA Jun    Avg Est   USDA May  2008/09
Corn           1.603       1.724     1.738     1.673
Soybeans       0.185       0.184     0.190     0.138
Wheat          0.930       0.947     0.950     0.657
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2010/11 Ending stocks
              USDA Jun    Avg Est    USDA May
Corn           1.573       1.831     1.818
Soybeans       0.360       0.359     0.365 
Wheat          0.991       0.987     0.997
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The corn numbers look surprisingly low compared with what was expected.