USDA has once again lowered its corn, soybean and wheat numbers.
The U.S. Department of Agriculture has once again lowered its ending stock estimates for corn, soybeans and wheat.
U.S. corn ending stocks are pegged at 827 million bushels in this morning's World Agricultural Supply and Demand Estimates . That's down 13 million bushels more than what traders expected. Corn yields were lowered to 154.3 bushels per acre with 2010-11 production at 12.54 billion bushels.
Soybean ending stocks dropped 80 million bushels, down around 55 million from trade expectations. Soybean yield was pegged at 43.9 bushels per acre with productioni at 3.375 billion bushels.
Wheat stocks were reported at 848 million bushels - around 20 million bushels lower than what analysts anticipated.
~ Tuesday, November 9, 2010 ~