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Sharp drops in USDA stocks seen

06/28/2011 @ 12:48pm

CHICAGO (Dow Jones)--The following are analysts' estimates in billions of bushels for U.S. grain and soybean stocks as of June 1, as compiled by Dow Jones Newswires. The U.S. Department of Agriculture is scheduled to release its report at 8:30 a.m. EDT (1230 GMT) Thursday.

Parentheses denote the number of estimates in that average and range.

                                  2011 Mar 1 2010 June 1 
                                     USDA       USDA 
               Average     Range     Stocks     Stocks 
Corn (18)      3.324    2.998-3.515   6.523       4.310 
Soybeans (18)  0.597    0.549-0.632   1.249       0.571 
Wheat (16)     0.825    0.791-0.878   1.425       0.976 
 
                             Corn    Soybeans    Wheat 
ABN Amro                     3.250   0.590       0.830 
ADM Investor Services        3.315   0.608       0.817 
Agrisource                   3.325   0.570        n/a 
Agrivisor                    3.515   0.603       0.832 
Allendale                    3.207   0.632       0.826 
Citigroup                    3.223   0.580       0.791 
Country Hedging              3.341   0.587       0.824 
Doane Advisory Srvcs         3.302   0.595       0.812 
Farm Futures                 3.381   0.592       0.802 
Kropf & Love Consulting      3.403   0.598       0.825 
Linn Group                   2.998   0.630       0.829 
Macquarie                    3.403   0.607       0.854 
Newedge USA                  3.340   0.597       0.819 
North America Risk Mang.     3.370   0.585       0.824 
Prime Ag                     3.425   0.625       0.810 
Prudential Bache             3.412   0.608       0.878 
RJ O'Brien                   3.425   0.594       0.833 
US Commodities               3.200   0.549        n/a

-By Andrew Johnson Jr., Dow Jones Newswires; 312-347-4604; andrew.johnsonjr@d

(END) Dow Jones Newswires

June 28, 2011 12:04 ET (16:04 GMT)

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