Home / News / Crops news / Corn surges on tight USDA stocks number

Corn surges on tight USDA stocks number

Jeff Caldwell 01/10/2014 @ 11:07am Multimedia Editor for Agriculture.com and Successful Farming magazine.

USDA released bullish production and ending stocks data for corn Friday morning, while soybean data fell well within previous trade estimates for both variables, making the federal data neutral for that crop, traders say.

In its Grain Stocks, annual Crop Production and World Agricultural Supply and Demand Estimates reports released Friday morning, USDA pegged corn and soybean production within a billion bushels on either side of previous trade estimates. While the corn number was lower than traders expected, it was the 1.631-billion-bushel corn ending stocks number that took nearby corn futures up 8 cents/bushel in trading just seconds after USDA officials released the data.

CancelPost Comment
MORE FROM JEFF CALDWELL more +

Economic Observations & Wheat Woes: Top… By: 04/17/2015 @ 7:24am What's on your mind this week? Spring planting is getting underway, kicking off the busy…

About Corn Planting 'Go-time' for… By: 04/16/2015 @ 2:55pm It's officially go-time -- or awfully close to it -- for planters in the Corn Belt. Farmers…

The [A] List: 3 Big Things This Morning… By: 04/16/2015 @ 6:17am Mother Nature is flipping the script for the Plains and Midwest the next few days.Rainfall has been…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Planter tips: Finger pick-up
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]