The USDA's Magic Numbers#1
The USDA peg this year's US soybean and corn crops at record highs, and wheat production up 2 percent from their July forecast and up 2 percent from 2009.
US Ending Stocks (bil bu)
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2009/10 USDA Avg Guess Range USDA Jul
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Soybeans 0.160 0.166 0.153-0.181 0.175
Corn 1.426 1.459 1.390-1.523 1.478
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2010/11
Soybeans 0.360 0.334 0.275-0.404 0.360
Corn 1.312 1.307 0.970-1.535 1.373
Wheat 0.973 0.982 0.800-1.132 1.093
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US 2010/11 Production (bil bu)
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Soybeans 3.433 3.366 3.290-3.432 3.345
Corn 13.365 13.282 13.120-13.524 13.245
Wheat 2.264 2.233 2.206-2.250 2.216