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A bearish report ahead, analysts say

07/11/2011 @ 11:08am

The following are analysts' estimates in billions of bushels for U.S. grain and soybean ending stocks for 2010-11 and 2011-12, as compiled by Dow Jones Newswires. The U.S. Department of Agriculture is scheduled to release updated supply and demand estimates at 8:30 a.m. EDT Tuesday. Parentheses denote the number of estimates in that average and range.

2010-11 
                                       June       2009-10 
               Average     Range       USDA       USDA 
Corn (16)      0.911     0.675-1.050   0.730      1.708 
Soybeans (16)  0.193     0.160-0.220   0.180      0.151 
 
                             Corn           Soy 
ABN Amro                    0.930          0.180 
AgriSource                  0.900          0.180 
AgriVisor                   0.880          0.180 
Allendale                   0.908          0.205 
Citigroup                   0.985          0.180 
Doane Advisory              0.930          0.210 
Farm Futures                0.910          0.190 
Jefferies Bache             0.880          0.205 
Kropf & Love                0.880          0.185 
Macquarie Bank              0.933          0.217 
North Am Risk Mangement     0.980          0.195 
Newedge                     0.880          0.185 
North America Risk Mgmt     0.980          0.195 
PFG Best                    1.050          0.205 
RJ O'Brien                  0.876          0.220 
Risk Management Commod      0.675          0.160 
 
 
2011-12 
                                                   June 
                          Average      Range       USDA 
Corn (17)                 1.013     0.775-1.177    0.695 
Soybeans (17)             0.172     0.140-0.197    0.190 
Wheat (14)                0.716     0.669-0.761    0.687 
 
                           Corn          Soy          Wheat 
ABN Amro                   1.100         0.180        0.703 
AgriSource                 0.990         0.140         n/a 
AgriVisor                  0.986         0.197        0.721 
Allendale                  1.026         0.168        0.753 
Citigroup                  1.070         0.160        0.713 
Doane Advisory             1.177         0.185         n/a 
Farm Futures               0.900         0.160        0.730 
Global Commodity Analytics 0.895         0.175        0.674 
Jefferies Bache            0.917         0.155        0.679 
Kropf & Love               1.019         0.160        0.721 
Macquarie Bank             1.164         0.188        0.669 
N Am Risk Management       1.165         0.163        0.720 
Newedge                    1.025         0.150        0.750 
North America Risk Mgmt    1.165         0.163        0.720 
PFG Best                   0.990         0.185        0.710 
RJ O'Brien                 0.861         0.197        0.761 
Risk Management Commod     0.775         0.190         n/a

-By Tom Polansek, Andrew Johnson Jr. and Ian Berry, Dow Jones Newswires; 312-341-5780; tom.polansek@dowjones.com

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Report 07/11/2011 @ 9:47pm If the report is bearish it's a joke their playing a game.

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