The USDA's Magic Numbers #3

The USDA cut world wheat ending stocks for 2010/11 to 174.8 MMT from 187.1 MMT in last month's report.

They upped their estimate for Chinese soybean imports to 52 MMT from 50 MMT. World ending stocks of soybeans in 2010/11 were cut from 67.76 MMt to 64.73 MMT.

Global corn ending stocks for 2010/11 were cut from 141.08 MMT to 139.2 MMT. The EU-27 corn crop was reduced from 56.99 MMT to 55.95 MMT, and the Ukraine corn crop cut by 1.5 MMT to 11.50 MMT.