The USDA Numbers

Posted by Nogger - a legend in his own mind at 13:15 | Categorized as

30/03/12 -- The USDA's eagerly awaited numbers are out.

The corn planting number is the highest in 75 years and above even the highest trade estimate. The soybean figure on the other hand is below the lowest trade estimate. The wheat number is towards the low end of expectations, although still 1.5 million up on last year.

Mar 1st stocks have all come in a bit lower than expectations.

Plantings:



































Mln Acres
USDA
Avg Est
Range
USDA Feb
USDA 11/12
All Wheat
55.9
57.4
55.5-58.2
58.0
54.4
Corn
95.9
94.7
93.6-95.6
94.0
91.9
Beans
73.9
75.4
74.0-76.7
75.0
75.0


Mar 1st Stocks:































Bln bu
USDA Mar 12
Avg Est
Range
USDA Mar 11
Wheat
1.201
1.223
1.181-1.251
1.425
Corn
6.009
6.150
5.925-6.288
6.523
Beans
1.372
1.387
1.270-1.585
1.249