Home / News / Crops news / USDA Grain Stocks: After the report

USDA Grain Stocks: After the report

Jeff Caldwell 09/28/2012 @ 2:21pm Multimedia Editor for Agriculture.com and Successful Farming magazine.

Friday's quarterly USDA Grain Stocks report showed smaller-than-expected corn and wheat supplies and larger-than-expected soybean stocks (though some called the current usage of those smaller stocks "unsustainable). Those numbers fueled higher markets across the board Friday (corn ended the day locked limit-up), with some brokers seeing the corn figure establishing an "intermediate bottom" under corn prices and ushering in higher prices at least for the next few weeks.

See a wrap-up of Friday's report and some of the discussion it's spawned, especially in terms of its influence to the grain markets in view of a small U.S. corn and soybean crop that many farmers see as only getting smaller.

   

CancelPost Comment
MORE FROM JEFF CALDWELL more +

3 Things to Watch This Morning, Friday… By: 12/19/2014 @ 6:21am A turnaround's likely in Friday's grain trade. Prices have been strong -- most for wheat…

3 Things to Watch This Morning, Thursday… By: 12/18/2014 @ 6:15am Grains surging on Cuba news. For more than five decades, the U.S. has had a trade embargo against…

Senate OKs Section 179 Deduction; Act… By: 12/17/2014 @ 9:45am With just shy of 2 weeks left until the end of the year, Congress has finally made it official: The…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
The Future of Livestock Production
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]