date:Jun 13, 2012
In its June Production, Supply and Demand Reports, the USDA estimated the U.S. 2011-12 corn ending stocks at (851 million bushels, vs. the trade estimate of 828 million bushels and its May estimate of 851 million. For 2012-13, the U.S. corn ending stocks are estimated at 1.88 billion bushels vs. the trade's estimate of 1.74 billion bushels and the May estimate of 1.881 billion.
Jason Ward, Northstar Commodity Trading analyst says the report is unfriendly for the corn market. I see the numbers a