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 +

Malaysian Airliner Crash in Ukraine Sends… By: 07/17/2014 @ 2:34pm Wheat futures took off Thursday afternoon to close double-digits higher after news that officials…

Wheat Takes The Reins To Trade Sharply By: 07/17/2014 @ 1:13pm The bouncing around continues in the grain markets, with a quick, sharp turnaround in the wheat…

Corn Slips Despite Strong Export Sales Data By: 07/17/2014 @ 10:27am Soybean futures are in the black while corn and wheat have both moved into the red as near-perfect…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
"Turnaround Tuesday" Fades