USDA Stocks/Plantings

Posted by Nogger - a legend in his own mind at 13:46 | Categorized as

31/03/11 -- The USDA pegged US spring plantings higher than trade expectations for corn and lower than anticipated for beans. All wheat acres are also higher than expected:































Mln Acres
USDA Mar 11
Avg Est
Range
USDA 2010
All Wheat
58.00
57.38
56.00-58.40
53.60
Corn
92.20
91.84
91.00-92.60
88.19
Beans
76.60
76.87
75.00-78.50
77.40


March 1st quarterly grains stocks show lower corn and bean inventories than the trade was anticipating, and more wheat:































Bln bu
USDA Mar 11
Avg Est
Range
USDA Mar 10
Wheat
1.420
1.399
1.275-1.488
1.356
Corn
6.520
6.690
6.552-6.880
7.694
Beans
1.250
1.299
1.266-1.366
1.270