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USDA to lower stocks, analysts say

05/07/2012 @ 6:57am

The following are analysts' estimates in billions of bushels for 2011-12 and 2012-13 U.S. grain and soybean ending stocks, as compiled by Dow Jones Newswires.

The U.S. Department of Agriculture is scheduled to release updated supply and demand tables at 8:30 a.m. EDT (1230 GMT) Thursday. Parentheses denote the number of estimates in that average and range.

2011-12

                                                                                April

                                                                              2011-12     2010-11

                    Average     Range    USDA    USDA 
   Corn (19)       0.758   0.660-0.801  0.801   1.128 
   Soybeans (19)   0.221   0.200-0.250  0.250   0.215 
   Wheat (17)      0.781   0.756-0.800  0.793   0.862 
                            Corn   Soybeans  Wheat 
   ABN Amro                 0.791  0.225     0.778 
   ADM Investor Services    0.801  0.200     0.777 
   Agrisource               0.760  0.210     0.775 
   Allendale                0.772  0.210     0.775 
   Citigroup                0.751  0.225     0.768 
   Doane Advisory Srvcs     0.701  0.215     0.778 
   Farm Futures             0.660  0.209     0.782 
   Global Comm Analytics    0.801  0.250     0.793 
   Jefferies Bache          0.751  0.200     0.793 
   Kropf and Love           0.746  0.210     0.775 
   McKeany-Flavell          0.775  0.250     0.800 
   MID-CO                   0.788  0.230     0.794 
   Newedge USA              0.801  0.200     0.756 
   P.F.G. Best              0.710  0.205     0.793 
   Prime Ag Consultants     0.801  0.250     0.793 
   Rice Dairy               0.751  0.215     0.768 
   Risk Management Comm     0.750  0.225      n/a 
   RJ O'Brien               0.742  0.230     0.778 
   US Commodities           0.751  0.234      n/a

2012-13

Average    Range 
   Corn (18)               1.704   1.209-2.072 
   Soybeans (18)           0.170   0.100-0.250 
   Wheat (17)              0.805   0.609-0.963 
                            Corn   Soybeans   Wheat 
   ABN Amro                 1.800  0.175      0.900 
   ADM Investor Services    1.665  0.122      0.816 
   Agrisource               1.730  0.208      0.700 
   Allendale                2.072  0.132      0.916 
   Citigroup                1.721  0.250      0.609 
   Doane Advisory Srvcs     1.722  0.135      0.821 
   Farm Futures             1.586  0.160      0.655 
   Global Comm Analytics    1.209  0.200      0.677 
   Jefferies Bache          1.545  0.100      0.692 
   Kropf and Love           1.748  0.175      0.792 
   McKeany-Flavell          1.750  0.200      0.760 
   MID-CO                   1.625  0.188      0.963 
   Newedge USA              1.800  0.140      0.868 
   P.F.G. Best              1.380  0.175      0.890 
   Prime Ag Consultants     1.838  0.191      0.952 
   Rice Dairy               1.760  0.142      0.771 
   RJ O'Brien               1.779  0.184      0.904 
   US Commodities           1.939  0.175       n/a

-By Andrew Johnson Jr. and Ian Berry; Dow Jones Newswires; 312-347-4604; andrew.johnsonjr@dowjones.com

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