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Corn Futures



Corn  from 1970 and 200 day exponential average (red) 200 day ROC (rate of change) green.
 
Corn  Recent (Spot) and 200 day exponential average (red) 200 day ROC (rate of change) green.
 
Corn CPI Adjusted Log Chart
 
Corn Futures - The Blue line is a 20 day Donchian channel, red line is a 5 day exponential average, green line is a 20 day exponential average. Vertical green bars MACD (Moving average convergence divergence) 5 and 20.
 
Corn Yield per Acre
 
Corn Point & Figure (Box=2 Rev.=3)
 
Soybean / Corn Ratio
 



Corn U.S & World Stock to Use
 
U.S. Rail Grain Traffic
 
Corn Notes & Links:
 


Agriculture On Line


The results were stunning: The longer rotations produced better yields of both corn and soy, reduced the need for nitrogen fertilizer and herbicides by up to 88 percent, reduced the amounts of toxins in groundwater 200-fold and didn’t reduce profits by a single cent.
According to  the University of Illinois, yields from corn that is planted after May 15 in most of the U.S. Midwest begin to drop by as much as 1 bushel an acre for each day that seeding is delayed.

1 bushel of corn = 56 lbs
1 bushel of corn = 2.7 gallons of Ethanol
To produce one pound of chicken requires 2 pounds of grain
To produce one pound of pork requires 4 pounds of grain
To produce one pound of  beef requires 8 pounds of grain
The Economist Dec/8/07:Fill up an SUV's fuel tank with ethanol and you have
used enough maize to feed a person for a year.
According to farm scientists at Cornell University, cultivating one hectare of maize in the United States requires 40 litres of petrol and 75 litres of diesel
A yardstick to watch is the new crop soybean/corn ratio, which is trading very close to its historical norm of 2.43 to 1. Last year (07) corn rallied enough to drop the ratio below 2 to 1, spurring the massive increase in acres. Bryce Knorr, Farm Futures Senior Editor
A University of Illinois study shows that when wholesale gasoline prices are $3.00/gallon, the shutdown price of corn for ethanol plants is $9.78/bushel. When gasoline is $2.50/gallon, the shutdown price is $7.84/bushel. Gasoline at $3.50 raises the shutdown price to $11.72."
2008 US Corn Yield = 153.9 Bushels per acre
2009 US Corn Yield = 164.9
2010 US Corn Yield = 152.8
2011 US Corn Yield = 147.2
2012 US Corn Yield = 123.4
2013 US Corn Yield = 154.4 Est.
The US produced around 8% of the world's wheat crop in 2013, as opposed to 32% of its soybeans and 36% of its corn.
______________________________________________


5/26/14 The current 13/2014 corn stocks-to-use ratio of 8.4% is the 3rd lowest since 2000 behind 11/12 and 12/13.
The USDA estimates 2014/15 US corn ending stocks to usage rising to 12.9%.
World ending stocks to usage in 2014/15 is seen at 18.8%.
4/13/14 Australia's Bureau of Meteorology said the odds of an El Nino developing in the May-July period now exceed 70%.
3/16/14 USDA estimates world soybean stocks at 70.64 mmt vs trade expectations of 71.46 and 73.01mmt previous month.
•USDA puts soybean stocks at 145 mln bu vs trade expecting of 141 and 150 previous month.
USDA estimates World corn stocks at 158.47 mmt vs trade expectations of 156.27 and 157.3 mmt last month.
•USDA has corn ending stocks at 1.456 billion bus vs trade expecting 1.488 bln; 1.481 last month
3/2/14 Global corn stocks fell to 157.30 mmt, down from 160.23 last month and trade expectations of 159.60 mmt
11/30/12 China's grain output rose 3.2% YoY to hit 589.57 million tonnes in 2012, marking the ninth consecutive year of growth, data from the National Bureau of Statistics (NBS) showed Friday. The corn output amounted to 208.12 million tonnes, up 8 % YoY, while that of rice and wheat gained 1.6% and 2.7%, respectively, to 204.29 million tonnes and 120.58 million tonnes, according to the NBS' online statement. These numbers show that corn has replaced wheat as China's largest grain variety, the statement said.
China will strive to foster 100 agricultural companies with annual sales exceeding 10 billion yuan (1.59 billion U.S. dollars) in the next three to five years, a senior agricultural official said. Acquisitions and mergers will be encouraged in the hope that the resulting agricultural conglomerates can act as a potent force in the country's agricultural modernization, while calling for more favorable fiscal and tax policies to support the development of big farming
11/4/12 The International Grain Council has lowered the world corn production to 830 MMT from their last estimate of 833 MMT. The world corn harvest last year was 876 MMT.
The Des Moines Register reported that 80 acres of farmland in Sioux County Iowa sold for a record $21,900 per acre. The farm reportedly has a routine yield of 200 bushels per acre of corn and 60 bushels per acre of soybeans Thursday's sale exceeds the old Iowa land sale record of last year at $20,000 per acre. (Looks like some iffy $200,000 per year less expenses/taxes - market/weather risk?)
QT Weather: As East floods. C Plains turning into a desert.
10/21/12 Kiev’s move to halt wheat exports from November 15 is the first by a leading food exporting country this year and raises spectre of 2007-08 food crisis.
(Reuters) - The drought that ravaged the United States this year does not appear to be abating and may spread through the winter, government forecasters said on Thursday.
4/20/12 A prominent Chinese think tank issued a forecast saying China's grain output is likely to grow for the ninth consecutive year in 2012. (Good thing the weather doesn’t have a memory, or the odds of that happening would be slim)
3/16/12 (Arlan Suderman) Chinese Sept corn futures hit record high of $10.03 per bushel; Oh yeah, supplies are adequate.
U.S. Corn (almost) and Beans at six month high.
1/12/12 The USDA put corn ending stocks at 846 million bushels, down 2 million from the month prior and 282 million under a year ago. U.S. corn stocks are very small at 24.4 days' supply. That's historically very, very low. Globally corn stocks are at 53.9-day supply, down 1.5 days from last year and a 38-year low. The U.S. stocks-to-use ratio remained unchanged from last month at 6.7% while global stocks-to-use ratio only increased slightly to 14.8%.
(Bloomberg) Corn crops in Brazil and Argentina, which produce 30 percent of the world’s exports, will lose 11 million metric tons of output after a drought caused “irreversible” damage, forecaster Agroconsult said.
The USDA estimates 848 million bushels of corn on hand at the end of next summer -- up less than 1% from last month's forecast. This is a supply of less than 25 days. A 30 day supply is considered healthy. 12/9/2011
11/11/2011 Arlan Suderman: global Corn stocks as a percent of annual usage continue to trend lower; currently sitting at 38-year lows.
8/22/11 U.S. feedlots placement at 2.15m cattle last month is up 22% YoY.
8/5/2011 (Bloomberg) China’s annual corn imports may grow to more than 10 million metric tons in five years as the increase in demand outpaces expansion in output, a researcher at South China Grain Trade Center said.
7/7/11 Pork prices are at a seven year high in China and are probably stimulating expansion -- need for soy meal and corn?
6/19/11 The Senate killed the ethanol tax credit in a vote of 73 to 27. These same clowns voted less than one month ago to preserve billions of dollars in taxpayer handouts to the oil industry. This Senate action won’t result in a bill, since the House has to initiate tax legislation.
(Current subsidies for the oil industry total up to $280 billion annually, representing up to $2 per gallon of gasoline)
6/9/11 The USDA cut U.S. new-crop corn ending stocks to 695 million bushels, down 205 million bushels from the previous month estimate = a 19-day supply.
The USDA estimates global corn stocks at a 42.8 day supply -- the lowest since 1973-74.
5/30/11 Chinese animal feed manufacturers consumed 74.7 million metric tons of corn last year, an increase of 20% from 2009.
5/30/11 Russia plans to let the grain-export ban expire July 1. (as expected)
5/17/11 The current weather forecasts suggest that 20 million acres of corn or more will have to be seeded in June.
4/21/11 (Reuters) - Babies exposed to pesticides before birth may have significantly lower intelligence scores by age 7 than children who were not exposed, three separate studies published on Thursday said.
4/20/11 The International Grains Council estimates grain stocks at a four-year low of 334m tonnes or 18.4% of consumption, down from 23% two seasons ago. Wheat has been paying attention to dry conditions in the US, the EU, Russia and China, and wet weather in northern America and Canada. India is the only top-five wheat producer with no weather problems. The council lowered world corn inventories by 8m tonnes, and expressed concerns about declining supplies of high-protein milling wheat.
4/18/11 (Bloomberg) China’s farmland shrank by 8.33 million hectares (20.6 million acres) in the past 12 years, Premier Wen Jiabao’s top agriculture adviser Chen Xiwen told reporters March 24
4/8/11 The USDA Estimates:
Wheat ending stocks of 839 million bushels, against trade estimate of 857 million and 843 million last month. World ending stocks rose to 182.8 MT against the 182 MMT estimated and 181.9 MMT in March.
USDA pegs texas wheat crop at 64.8 mln bushels, down 49% YoY Corn ending stocks unchanged at 675 million bushels, against trade estimate of 586 million. World ending stocks came in at 122.4 MT against 121 MMT estimated and 123 MMT in March. Brazil's corn crop was estimated at 52 MMT, 2 MMT up from last month. Argentine output unchanged at 22 MMT.
Soybeans ending stocks estimate  unchanged  at 140 million bushels, against the average trade estimate of 137 million. World ending stocks estimate at 60.9 MT against 58.9 MMT and 58.3 MMT in March. Brazilian output was raised 2 MMT to 72 MMT. Argentine production was left unchanged at 49.5 MMT, as was China’s at 15.2 MMT.
4/5/11 US corn futures extend gains on supply concerns."Somebody's going to have to give up their usage if we're going to see a supply left here at the end of the summer," says Keith Gehling, marketing specialist at AgriSource  
Arlan Suderman: The US Grains Council just concluded a tour of China that revealed a greater than expected need for corn. It says that China's corn stocks are probably 390 to 472 million bushels smaller than previously reported. As a result, it believes that China will import another 80 to 120 million bushels of corn ahead of this year's harvest. Sources within China told the Council that they would like to import 200 to 275 million bushels, but realizes that global stocks are simply too tight.
2/31/11(Dow Jones) The USDA's lower-than-expected estimate for corn inventories as of March 1 fuels fears that season-end supplies will drop to a record low. Government could slash 50M-75M bushels from the latest season-end supply estimate of 675M in a crop report next week, says Rich Nelson at Allendale. Season-end supplies are already at a 15-year low, representing 18 days worth of corn, he notes.
2/13/11 Mexico's corn crop has been damaged by a freeze. It has damaged as much as 4.2M tons in Mexico, creating new worries with stocks at their tightest level in 15 years.
2/9/11 The U.S. Department of Agriculture lowered its projection for the U.S. corn end of year supplies 70 million bushels to 675 million = BULLISH 18.2-day supply.
The USDA estimated world corn ending stocks at 122.51 million metric tons, down from 127 million reported in January = a 37-year low
USDA projected 2010-11 soybean ending stocks of 140 million bushels, unchanged from the January estimate.
USDA U.S. Carryout
Soybeans 0.140
Corn 0.675
Wheat 0.818
Cotton 1.90
Rice 52.8
USDA World Carryover
Wheat 177.8
Corn 122.5   = 54.3-day supply, tightest in the last 37 years
Soybeans 58.2
Cotton 42.8
Rice 93.9
2/8/11 Elwynn Taylor: Dr. Wolter gives La Nina a 50%+ chance of lasting through 2011, for now the likely US corn yield stands at 155BPA, next update is 5 March.
2/7/11 The US Grains Council expects China to import 3 to 9 million metric tons of corn (118 to 354 million bushels) in the current year.
1/26/11 (Dow Jones)--China's grain demand will likely increase by 4 million metric tons a year over the next five years, while supply of agricultural products in China will face huge pressure, Vice Agricultural Minister Chen Xiaohu said Thursday.
1/21/11 1/21/11 The International Grains Council estimates 2010-11 record-high world rice production, up 2.8% YoY.
IGC says world wheat stocks for 2010-11 are higher at 185 million metric tons.
IGC 2010-11 world corn production was dropped 1.0 million metric tons, with losses in the U.S. and Argentina.
(Dow Jones)--Brazil's 2010-11 soy crop may reach a record after recent rains in Rio Grande do Sul state, according to an analyst at Informa Economics FNP.
Informa U.S. acreage estimates for 2011:
Corn=90.9 million up from Dec. estimate of 90.76.
Soybeans=76.65 million down from Dec. estimate 77.57.
Wheat=40.99 million up from 39.502 in Dec.
Cotton=13.34 million up from 294,000 in Dec.
Soybean oil is supported by ongoing concerns about heavy rains hurting palm oil output in Indonesia and Malaysia, the world's top two producers.
1/14/11 The USDA estimates the 2010 corn crop at 12.447 billion bushels on yield of 152.8 bushels per acre, down from its prev. estimate of 12.54 billion on a yield of 154.3 bushels per acre. This implies domestic ending stocks are at a 20.2 day supply -- the 2nd tightest in 50 years.
The USDA estimates the 2010 Soybean crop at 3.329 billion bushels on yield of 43.5 bushels per acre, down 30 million from its previous estimate. This implies a 15.2-day supply -- the tightest in 40 years.
1/5/11 The US Department of Agriculture's Buenos Aires bureau lowered its estimate of Argentine corn production by 1.0m tonnes.
China's 2010 corn output is estimated at 172 million metric tons, down 940,000 tons from the previous estimate.
12/17/10 (Bloomberg) Informa Economics Inc. said farmers will plant corn on 90.755 million acres, less than a November forecast of 93.055 million. Soybeans will be sown on 77.565 million, down from a record 77.714 million this year, the Memphis-based researcher said today in a report. Informa said farmers may plant the most acres of cotton in five years, after prices jumped to a record.
Elwynn Taylor: The La Niña to date is tracking the 1973-4 event, a Risk factor for 2011
12/16/10 Rabobank said the U.S. may use as much as 5.1 billion bushels of corn to produce ethanol the grain-based gasoline additive in 2010-2011 -- eroding inventories. The extra ethanol consumption implied a corn stock to use ratio at less than 4%.
12/11/10 The USDA raised projected Corn ending stocks by 5 million to 832 million bushels.
The USDA has Soybean ending stocks to just 165 million bushels. That represents a 18-day supply.
The USDA estimates wheat ending stocks to 858 million bushels.
11/26/10 The IGC cut world corn output by 4 MMT from last month to 810 MMT, with ending stocks pegged at 121 MMT, 31 MMT down from last season. World inventories will end 2010-11 at the equivalent of 14.4% of consumption, compared with 18.7% at the close of last season, and tighter than the 16.1% at the end of 2006-07.
The IGC’s estimate for the world rice harvest was kept at a record 449m tonnes.
10/17/10 Elwyn Taylor on Twitter: Omen? La Niña development to date is most like 1973, the next year (1974) was not good for US corn.
10/13/10 The Environmental Protection Agency may allow ethanol levels in gasoline blends to be as high as 15%, up from the current 10%
EPA's approval of an increase of ethanol levels in gasoline for model-year 2007 cars and newer fails to extend rally. The increase was expected..
10/8/10 The USDA pegged corn production at 12.664 billion bushels, down from 13.160 billion last months and 147 million bushels below trade estimates. Corn yields were pegged at 155.8 bpa. Corn ending stocks fell to 902 million bu, down from 1.708 million last year .These numbers s represent 57.8 days of supply -- the second tightest in the past 35 years.
The USDA pegged wheat stocks at 853 million bushels down from 902 million last month
The USAD pegged the soybean crop at 3.408 billion bushels and a yield of 44.4bpa. That's down from 3.483 billion and 44.7bpa last month. Ending stocks are now at 265 million down from 350 million last month.
Ukraine will limit grain exports for the rest of this year, but needs a few days to clarify.
Indonesia, the world’s third-largest rice producer, may have to import 300,000 metric tons of the grain, the first bulk purchase since 2007, to meet an expected shortfall in government supplies, Bulog executives said.
10/5/10 The US Grains Council estimates China's corn production at 6.22 billion bushels, down 320 million from USDA's estimate and down 280 million from China's estimate.
9/30/10 Soybean inventories on Sept. 1 totaled 151 million bushels, up from 150 million estimated on Sept. 10 and the 138 million bushels on hand a year earlier, the USDA said.
9/29/10 The yields for Monsanto's SmartStax corn seeds are trailing those of its legacy VT Triple Pro and VT Double Pro products, said Jefferies analyst Laurence Alexander in a note to clients.
Corn stockpiles on Sept. 1 totaled 1.708 billion bushels, up from 1.673 billion a year earlier Corn usage in the three months ended Aug. 31 was 2.6 billion bushels, up from 2.59 billion a year earlier, the USDA said.
9/10/10 The USDA's estmates:
Corn production at 13.160 billion bushels
Corn yield at 162.5 vs. the trade's guess of 163.1 bu. per acre
U.S. corn ending stocks at 1.116 billion bushels vs. the trade's guess of 1.125 billion bushels for 2010-11
Soybean production at 3.483 billion bushels
Soybean yield at 44.7 vs. the trade's guess of 43.8 bu. per acre.
U.S. soybean end stocks at 350 vs. the trade's guess of 304 million bushels
Wheat ending stocks 902 mln bu, downn 50 mln from Aug.
9/9/10 Private-sector analysts believe that China's official corn production estimate of 6.6 billion bushels is about 400 million bushels too high.
9/3/10 Informa projected the final U.S. corn yield would be 3.9% below the USDA's most recent estimate.
8/20/10 Pro Farmer Midwest Crop Tour said it pegged the 2010-11 U.S. crops at 3.5 billion bushels, above USDA's August estimate of 3.4 billion.
Statistics Canada exceeded expectations by estimating the 2010-11 all-wheat crops at 22.7 million tons.
7/16/10 U.S. Lawmakers are considering lowering a tax credit for ethanol blenders from 45¢/gall to 36¢.
7/9/10 7/9/10 The USDA's U.S. 2010-2011 ending stocks estimate for:
Corn was lowered from 1.573 to 1.373 billion bushels.
Soybeans were kept at 360 million bushels.
Wheat was raised from .991 to 1.093 billion bushels.
The USDA's world 2010-2011 ending stocks estimate for:
Corn was lowered from 147 to 141 million tons. Versus the average analyst estimate of 1.404 billion bushels and the June estimate of 1.603 billion bushels.
Soybeans were raised from 67 to 68 million tons.
Wheat was lowered from 194 to 187 million tons.
7/8/10 Russia cut its forecast for this year's grain output to 85 million tonnes from 90 million as 14 key growing regions declared a state of emergency due to severe drought.
(Bloomberg) -- China, the world’s second-largest corn consumer, may give up efforts to be self-sufficient in the commodity and boost imports 10-fold by 2015 to feed livestock, said a researcher at Japan’s biggest grain trader.
6/30/10 The USDA estimated the 2010 planted area for:
Corn at 87.87 million acres, up almost 2% YoY
Soybeans at 78.87 million acres, up 2% YoY
All wheat at 54.31 million acres, down 8% YoY
Spring wheat at 13.91 million acres, up 5% YoY
Cotton at 10.91 million acres, up 19% YoY
Oats 3.176 million (the lowest on record)
Rice at 3.512 million acres up from 3.411 million
As of June 1, the USDA estimates stocks of:
Corn at 4.31 billion bushels -- up 1% YoY
Soybeans at 571 million bushels -- down 4% YoY
All wheat at 973 million bushels -- up 48% YoY
Rice at 57.4 million hundredweight -- up from 48.4 YoY
6/2/10 (ISU) It is likely that La Niña conditions will be reached during the month of June. This would indicate a substantial increase in corn yield risk for the U.S. , shifting the likely hood of a below trend yield from about 50/50 to 70%. Most of the risk increase would be in the central and eastern areas of the Corn Belt. E. Taylor  
4/22/10 The International Grains Council (IGC) sees wheat carryout at the end of 2010/11 at a nine year high of 199 MMT. The increase, despite lower production and higher usage, is due to the 30 MMT increase in opening stocks left over from bumper production in 2008/09.
Corn ending stocks on the other hand are seen falling from 148 MMt to 140 MMT at the end of 2010/11.
4/9/10 The USDA's 2009-2010 U.S. ending stocks estimate of:
Corn was increased from 1.799 to 1.899 billion bushels.
Soybeans remained at 190 million bushels.
Wheat was reduced from 1,001 to 950 million bushels.
Sugar was increased from 1.075 to 1.218 million tons.
Cotton was reduced from 3.20 to 3.00 million bales.
The USDA's 2009-2010 world ending stocks estimate of:
Corn was increased from 140 to 144 million tons.
Soybeans were increased from 61 to 63 million tons.
Wheat was reduced from 197 to 196 million tons.
Cotton was reduced slightly to 51 million tons.
1/9/10 The USDA estimates 2009-2010 U.S. ending stocks for:
Corn was reduced from 1.764 to 1.719 billion bushels.
The USDA estimates 2009-2010 world ending stocks for:
Corn was reduced from 136 to 134 million tons.
1/12/10 The USDA's 2009-2010 U.S. ending stocks estimate of:
Corn was raised from 1.675 to 1.764 billion bushels.Yields were the culprit, coming in at 165.2 bu/acre, from 162.9 bu/acre last month and 0.7 bu/acre above the highest trade estimate.
Soybeans were reduced from 255 to 245 million bushels.
Wheat was raised from 900 to 976 million bushels.
The USDA's 2009-2010 world ending stocks estimate of:
Corn was raised from 132 to 136 million tons.
Soybeans were raised from 57 to 60 million tons.
Wheat was raised from 191 to 196 million tons.
12/10/09 The USDA's 2009-2010 U.S. ending stocks estimate of:
Corn was raised from 1.625 to 1.675 billion bushels.
Some 12% of the crop is still sitting in the snow!
Soybeans were reduced from 270 to 255 million bushels.
Wheat was raised from 885 to 900 million bushels.
Sugar was kept at 1.016 million tons.
Cotton was lowered from 4.90 to 4.50 million bales.
The USDA's 2009-2010 world ending stocks estimate of:
Corn was kept at 132 million tons.
Soybeans were kept at 57 million tons.
Wheat was raised from 188 to 191 million tons.
Cotton was lowered from 54 to 52 million tons.
11/10/09 USDA's 2009-2010 U.S. ending stocks estimate of:
Corn was lowered from 1.672 to 1.625 billion bushels. (46 day supply)
Soybeans were raised from 230 to 270 million bushels.
Wheat was raised from 864 to 885 million bushels. (145 day supply)
The USDA's 2009-2010 world ending stocks estimate of:
Corn was lowered from 136 to 132 million tons. (60 day supply)
Soybeans were raised from 55 to 57 million tons.
Wheat was raised from 187 to 188 million tons.
11/4/09 Informa estimates the US corn crop at 13.064 billion bushels with a yield of 164.8 bushels per acre
Informa estimates the US bean crop at 3.333 billion bushels with a bpa of 42.4.
The last USDA estimate, in Oct, was 13.018 billion corn with a 164.2 bpa and 3.250 billion beans with a 42.4 bpa.
Last month, Informa estimated the corn crop at 13.127 with a 164.7 bpa and the bean crop at 3.250 billion with a 44 bpa.
10/27/09 “You can’t find a year in USDA’s data (which goes back to 1972) on corn harvest activity that is as slow as this year [20%complete]. Period. (CME)
10/9/09 The USDA's 2009-2010 U.S. ending stocks estimate of:
Corn was raised from 1.635 to 1.672 billion bushels.
Soybeans were raised from 220 to 230 million bushels.
Wheat was raised from 743 to 864 million bushels.
The USDA's 2009-2010 world ending stocks estimate of:
Corn was lowered from 139 to 136 million tons.
Soybeans were raised from 51 to 55 million tons.
Wheat unchanged at 187 million tons.
Cotton unchanged at 56 million tons.
10/7/09 Conab, the Brazilian version of the USDA, estimates the upcoming bean crop at 62.3-63.3 million tonnes versus 57.1 million last year. They put the corn crop at 50.9-52.2 million tonnes vs 51 million last year. Conab's wheat guess is 5.25 million tonnes versus their September guess of 5.85 million.
9/30/09 The USDA estimated U.S. soybean stocks at 138 million bushels, vs. 111 million expected.
The USDA pegged U.S. corn stocks at 1.674 billion bushels vs. 1.719 billion expected
The USDA estimates wheat stocks at 2.215 billion bushels compared to the average analyst’s estimate of 2.132 billion bushels.
9/28/09 The U.S. Grains Council sees smaller Chinese corn crop than USDA due to this year's drought. Based on the survey they estimate 2009 Chinese production down 9.7% YoY
9/3/09 Informa's September guess:
13.010 billion bushels for corn
3.305 billion for beans
corn yield of 162.6 bushels per acre
bean yield of 43.1
In August the USDA estimated:
corn crop at 12.761 billion with a yield of 159.5
bean crop of 3.199 billion with a 41.7 yield.
9/2/09 The shortfall in Russia's grain production due to drought is expected to amount to 13 million tons this year, Agriculture Minister Yelena Skrynnik said.
8/25/09 (Bloomberg) -- India may have to ban corn exports for a second season to boost local supplies as the crop wilts under the driest monsoon in seven years, a lobby group for U.S. producers said.
8/12/09 The USDA's 2009-2010 U.S. ending stocks estimate for:
Corn was raised from 1.550 to 1.621 billion bushels.
Soybeans lowered from 250 to 210 million bushels.
Wheat was raised from 706 to 743 million bushels.
Sugar was reaised from 359,000 to 709,000 tons.
Cotton unchanged at 5.60 million bales.
The USDA's 2009-2010 world ending stocks estimate for:
Corn was raised from 139 to 141 million tons.
Soybeans lowered from 52 to 50 million tons.
Wheat was raised from 181 to 184 million tons.
Cotton was lowered from 58 to 57 million bales.
7/10/09 The USDA's 2009-2010 U.S. ending stocks estimate for:
Corn was raised from 1.09 to 1.55 billion bushels.
Soybeans were raised from 210 to 250 million bushels.
Wheat was raised from 647 to 706 million bushels.
Sugar was lowered from 459,000 to 359,000 tons.
Cotton unchanged at 5.60 million bales.
The USDA's 2009-2010 world ending stocks estimate for:
Corn was raised from 125 to 139 million tons.
Soybeans were raised from 51 to 52 million tons.
Wheat was lowered from 183 to 181 million tons.
Cotton was raised from 57 to 58 million tons.
7/2/09 “More evidence of a developing El Niño event has emerged during the past fortnight, and computer forecasts show there’s very little chance of the development stalling or reversing,” Australia’s Bureau of Meteorology said in a report.
6/30/09 The USDA said:
87.03 million acres of corn were planted – above trade estimates.
77.48 million acres of soybeans were planted -- less than expected.
59.78 million acres of wheat were planted – above trade estimates.
The USDA said June grain stocks for:
Corn were 4.27 billion bushels – modestly above trade estimates.
Soybeans were 597 million bushels, modestly above trade estimates.
Wheat were 667 million bushels.
6/10/09 USDA’s 2009-2010 U.S. ending stocks estimates:
Corn was lowered from 1.145 to 1.090 billion bushels.
Soybeans were lowered from 230 to 210 million bushels.
Wheat was raised from 637 to 647 million bushels.
Sugar was raised from 289,000 to 459,000 tons.
Cotton was unchanged at 5.60 million bales.
USDA’s 2009-2010 world ending stocks estimates:
Corn was lowered from 128 to 125 million tons.
Soybeans were lowered from 52 to 51 million tons.
Wheat was raised from 182 to 183 million tons.
Cotton was lowered from 58 to 57 million tons.
5/22/09 A report on ethanol predicted world demand for ethanol will rise 9.3% per year for five years.
5/18/09 The USDA said:
62% of corn was planted, down from the five-year average of 85%.
25% of soybeans were planted, down from the five-year average of 44%.
50% of spring wheat was planted, down from the five year average of 90%.
42% of cotton was planted, down from the five year average of 53%.
5/12/09 The USDA estimates 2009-2010 U.S. ending stocks of:
Corn at 1.145 billion bushels, down from 1.600 billion bushels in 2008-2009.
Soybeans at 230 million bushels, up from 130 million bushels in 2008-2009.
Wheat at 637 million bushels, down from 669 million bushels in 2008-2009.
Sugar at 289,000 tons, down from 1.192 million tons in 2008-2009.
Cotton at 5.6 million bales, down from 6.8 million bales in 2008-2009.
The USDA estimates 2009-2010 world ending stocks estimate of:
Corn at 128 million tons, down from 140 million tons in 2008-2009.
Soybeans at 52 million tons, up from 43 million tons in 2008-2009.
Wheat at 182 million tons, up from 167 million tons in 2008-2009.
Cotton at 58 million bales, down from 62 million bales in 2008-2009
5/6/09 The USDA estimates that Brazil will produce 28.45 billion liters of ethanol in 2009-2010, up from 26.85 billion liters YoY.
4/17/09 The Environmental Protection Agency is considering increasing the ethanol blend in gasoline from 10% to 15%.
4/14/09 Germany joins France, Austria, Hungary, Greece and Luxembourg in banning the cultivation of GM corn, claiming that Monsanto’s MON 810 is dangerous for the environment.
4/13/09 China, may import corn from the U.S. as prices are now competitive compared with local supplies Chinas National Grain and Oils Information Center said.
4/9/09 The USDA's 2008-2009 U.S. ending stocks estimate for:
Corn was lowered from 1.74 to 1.70 billion bushels.
Soybeans were lowered from 185 to 165 million bushels.
Wheat was reduced from 712 to 696 million bushels.
The USDA's 2008-2009 world ending stocks estimate for:
Corn was reduced from 145 to 143 million tons.
Soybeans were lowered from 50 to 46 million tons.
Wheat was raised from 156 to 158 million tons.
The USDA reduced its guess of Argentina's soybean crop from 43 to 39 million tons
3/31/09 The USDA said March 1st stocks of:
Corn totaled 6.96 billion bushels, up 1% YoY.
Soybeans totaled 1.30 billion bushels, down 9% YoY.
Wheat totaled 1.04 billion bushels, up 46% YoY.
The USDA said, in 2009, U.S. farmers intend to plant:
84.99 million acres of corn, down 1% YoY.
76.02 million acres of soybeans.
58.64 million acres of wheat, down 7% YoY
8.81 million acres of cotton, down 7% YoY.
3/12/09 The China National Grain and Oils Information Center expects the country's output of grains in 2009 to be lower for the first time in six years.
It projects wheat output to be down 1.3% to 111 million metric tons
It projects corn output to be down 1.5% to 163 million tons
It projects soybean output down 3.2% to 15 million tons
3/11/09 The USDA's 2008-2009 U.S. ending stocks estimate for:
Corn was lowered from 1.79 to 1.74 billion bushels.
The USDA's 2008-2009 world ending stocks estimate for:
Corn was raised from 137 to 145 million tons.
2/10/09 The USDA estimates U.S. 2008-2009 ending stocks of:
Corn unchanged at 1.790 billion bushels.
Soybeans lowered from 225 to 210 million bushels.
Wheat unchanged at 655 million bushels.
Sugar was reduced from 1.072 to 1.066 million tons.
Cotton was raised from 6.90 to 7.70 million bales.
The USDA estimates 2008-2009 ending stocks of:
Corn was raised from 136 to 137 million tons.
Soybeans were reduced from 54 to 50 million tons.
Wheat was raised from 148 to 150 million tons.
Cotton was raised from 59 to 62 million tons.
1/11/09 The USDA's 2008-2009 ending stocks estimate for:
Corn was raised from 1.474 to 1.790 million bushels.
Soybeans were raised from 205 to 225 million bushels.
Wheat was increased from 623 to 655 million bushels.
The USDA's 2008-2009 world ending stocks estimate for:
Corn was increased from 124 to 136 million tons.
Soybeans were unchanged at 54 million tons.
Wheat was raised from 147 to 148 million tons.
The USDA said 42.1 million acres of winter wheat were planted last fall, down 9% YoY
Corn fell the exchange limit in Chicago and soybeans and wheat also plummeted on the news.
As of December, the USDA said there were:
10.1 billion bushels of corn stocks, up 2% YoY.
2.28 billion bushels of soybean stocks, down 4% YoY.
1.42 billion bushels of wheat stocks, up 26% YoY.
12/11/2008 The USDA's 2008-2009 U.S. ending stocks estimate for:
Corn was raised from 1.124 to 1.474 million bushels, more than expected.
Soybeans unchanged at 205 million bushels.
Wheat was raised from 603 to 623 million bushels.
The USDA's 2008-2009 world ending stocks estimate for:
Corn was raised from 110 to 124 million tons.
Soybeans unchanged at 54 million tons.
Wheat was raised from 145 to 147 million tons.
12/11/2008 The USDA's 2008-2009 U.S. ending stocks estimate for:
Corn was raised from 1.124 to 1.474 million bushels, more than expected.
Soybeans unchanged at 205 million bushels.
Wheat was raised from 603 to 623 million bushels.

The USDA's 2008-2009 world ending stocks estimate for:
Corn was raised from 110 to 124 million tons.
Soybeans unchanged at 54 million tons.
Wheat was raised from 145 to 147 million tons.
11/10/2008 The USDA's 2008-2009 U.S. ending stocks estimate for:
Corn was increased from 1.088 to 1.124 billion bushels.
Soybeans unchanged at 205 million bushels.
Wheat was increased from 601 to 603 million bushels.
The USDA's 2008-2009 world ending stocks estimate for:
Corn was increased from 106 to 110 million tons.
Soybeans were reduced, from 54.3 to 54.1 million tons.
Wheat was increased from 144 to 145 million tons.
The USDA estimates Brazil’s and Argentina's soybean production up 3%, down from last month's estimate of up 5%.
10/28/08 Because of a computer error the USDA issued new supply and demand estimates for 2008-2009 corn and soybeans.
Corn was reduced from 1.154 to 1.088 billion bushels.
Soybeans were reduced from 220 to 205 million bushels.
9/30/08 The USDA said as of September 1st, stocks of:
Corn totaled 1.624 billion bushels.
Soybeans totaled 205 million bushels.
Wheat totaled 1.857 billion bushels.
9/12/08 The USDA's U.S. 2008-2009 ending stocks estimate for:
Corn was reduced from 1.133 to 1.018 billion bushels.
The USDA's world 2008-2009 ending stocks estimate for:
Corn was reduced from 112 to 110 million tons.
8/12/08 The USDA's 2008-2009 U.S. ending stocks guess for:
Corn was raised from 833 to 1,133 million bushels, more than expected. (Take notice when a bearish report fails to produce its expected results)
Soybeans were reduced from 140 to 135 million bushels.
Wheat was increased from 537 to 574 million bushels.
Sugar was increased from 607,000 to 767,000 short tons.
Cotton was reduced from 5.30 to 4.60 million bales.
The USDA's 2008-2009 world ending stocks guess for:
Corn was raised from 105 to 112 million tons.
Soybeans were increased slightly from 48.9 to 49.3 million tons.
Wheat was increased from 133 to 136 million tons.
Cotton was reduced from 53 to 51 million bales.
8/7/08 The U.S. Environmental Protection Agency denied the request from Texas to reduce the Renewable Fuels Standard this year, saying that they found no evidence that the mandate was causing "severe harm" to the economy.
7/6/08 Argentina's House approved the president's sliding-scale grain and soybean export tax plan Saturday, sending the bill to the Senate for a vote. However, farm groups have warned that a Congressional endorsement of the tax may lead them to go back on strike.
7/3/08 India banned all export of corn to protect domestic supplies.
6/30/08 The USDA estimated 63.46 million acres of 87.33 million acres of corn were planted, down 7% YoY.
USDA quarterly grain stocks report 4.03 billion bushels of corn, up 14% YoY.
6/26/08 The state agricultural secretariat in Parana, Brazil said that recent frosts there have cut corn production by 1.3 million tonnes, or 20%.
The International Grains Council lowered its world production forecast for corn by 7 million tonnes to 756 million tonnes.
6/25/08 Nebraska Cattlemen and Texas Governor Perry are asking the Environmental Protection Agency to reduce the ethanol mandate to 4.5 billion gallons
6/24/08 Stats Canada estimated:
25.1 million acres of wheat were planted, up 16% YoY.
15.8 million acres of canola were planted, up 7% YoY.
2.97 million acres of corn were planted, down 13% YoY.
2.99 million acres of soybeans were planted, up 3% YoY.
6/19/08 A high-ranking member of the feed industry in China warned overnight that it could face an annual corn-deficit of 400 million bushels by 2010, requiring increased imports. Rapidly increased demand for meat in the Chinese diet is fueling the rise in demand for feed grains and protein, suggesting imports of U.S. corn. Some trade sources have suggested that China may need to begin importing U.S. corn as early as this next year... (Arlan Suderman Farm Futures)
6/10/08 The USDA's 2008-2009 U.S. ending stocks estimate for Corn was reduced from 763 to 673 million bushels.
The USDA's 2008-2009 world ending stocks estimate for Corn was increased from 99 to 103 million tons.
5/30/08 The International Grains Council released its latest estimate of world corn production at 763 million tonnes. This is up 1 million tonnes from their earlier estimate, but is down from last year's 777 million because of wet and cold weather in the US.
4/9/08 The USDA's estimate for 2007-2008 world ending stocks of Corn was reduced from 104 to 103 million tons.
The USDA's estimate for 2007-2008 U.S. ending stocks of
Corn was reduced from 1.438 to 1.283 billion bushels.
3/31/08 In 2008 the USDA expects farmers to plant 86.0 million acres of corn, down 8% YoY.
The USDA said, as of March 1st, U.S. stocks of Corn totaled 6.86 billion bushels, up 13% YoY.
2/21/08 The USDA said that its 2008 preliminary planting estimate for:
Corn is 90 million acres, down 4% from the previous year.
2/8/08 The USDA's estimate of 2007-2008 world ending stocks of Corn was raised from 101.3 to 101.9 million tons.
2/8/08 The USDA's estimate of 2007-2008 U.S. ending stocks of Corn unchanged at 1.438 billion bushels.
1/25/08 IGC estimates corn demand at 770 ml tons, and production at 765 ml tons in the 12-month through June.
Argentina lowered it’s corn production estimate to 21 ml tons from 22.
1/17/08 A climatologist at Iowa State University is warning that "La Nina conditions are now posing a significant risk to U.S. corn production in 2008."
12/15/07 The Economist Dec/8/07: the 30m tonnes of extra maize going to ethanol this year amounts to half the fall in the worlds's overall grain stocks.
12/11/07 The current US ethanol capacity is 7.3 billion gallons a year. If the projected new capacity comes on line during 2008, capacity will rise to 13.5 billion gallons a year.
12/6/07 Statistics Canada estimates 2007 corn production at 11.65 million tons, up 30% YoY.
11/27/07 China's National Grain and Oil Trade Center sees a 2007 grain and oilseed supply shortfall of 26 million tons.
11/9/07 The USDA's 2007-20008 U.S. ending stocks estimate of
corn was reduced from 1.997 to 1.897 billion bushels.
The USDA's 2007-2008 world ending stocks estimate of
Corn remained at 110.4 million tons.
10/12/07 The USDA's 2007-2008 U.S. ending stocks estimate of Corn increased from 1.675 to 1.997 billion bushels.
The USDA's 2007-2008 world ending stocks estimate of Corn increased from 105 to 110 million tons.
10/3/07 The U.S. Grain Council estimates China's corn crop at 139 million tons ( 5.5 billion bushels), down 6 million tons from last year.
9/29/07 The USDA said that, on September 1, 2007 Corn stocks totaled 1.30 billion bushels, down 34% YoY.
9/17/07 China plans to restrict fuel made from agricultural products and cut import tariffs to reduce food inflation. Corn demand is expected up 14.5% by 2010, while output is expected to rise 3.5%. China's overall inflation rate in August was a 10-year high of 6.5%. China's food-price inflation however was 18.2%, 34.6% for vegetable oils and 495 percent for meat.
8/26/07 Pro Farmer, estimates 2007 U.S. corn production at 13.109 billion bushels with a yield of 153.47 bushels per acre.
8/10/07 The USDA's 2007-2008 world ending stocks estimate for: Corn fell from 108.4 to 102.2 million tons.
8/10/07 The USDA's 2007-2008 U.S. ending stocks estimate for:Corn rose from 1.502 to 1.516 billion bushels.
8/8/07 The California Air Resources Board mandated that gasoline sold in the state include 10% ethanol by the end of 2009. California consumed 1 billion gallons of ethanol this year and the new rules will likely double that figure.
6/20/07 The USDA estimates  planted acres of Corn at 92.9 million acres, up 19% YoY-- the most since 1944.
The USDA estimates June 1, 2007, Corn stocks totaled 3.53 billion bushels, down 19% YoY
6/26/07 Stats Canada said Canada's farmers planted 3.5 million acres of corn, up 29% from a year ago.
6/11/07 The USDA estimates 2007-2008 U.S. ending stocks of Corn up from 947 to 997 million bushels.
The USDA estimates 2007-2008 world ending stocks of Corn rose to 92 million tons up from 90 million tons.
4/24/07 Canadian farmers intend to plant 3.5 million acres of corn this year, up 26% YoY.
4/10/07 The USDA's 2006-2007 world ending stocks estimate for Corn was increased from 88 to 92 million tons.
The USDA's 2006-2007 U.S. ending stocks estimate for Corn was increased from 752 to 877 million bushels.
3/30/07 The USDA's Prospective Plantings report expects 90.45 million acres of corn planted this spring, up from 78.3 million acres a year ago. (The biggest corn plantings since 1944) (est. 87.98)
The USDA said that on March 1, 07 there were 6.07 billion bushels of corn stocks, down 13% YoY.
3/6/07 At its Outlook Forum, the USDA said they expect 2007-2008 U.S. ending stocks of Corn to fall from 752 to 637 million bushels.
2/9/07 The USDA's world 2006-2007 ending stock estimate for Corn was raised from 86 to 88 million tons.
2/9/07 The USDA's U.S. 2006-2007 ending stock estimate for Corn was unchanged at 752 million bushels.
1/12/07 The USDA's 2006-2007 world ending stocks estimate for Corn was reduced from 93 to 86 million tons. (stocks/usage 11.9%)
1/12/07 The USDA's 2006-2007 U.S. ending stocks estimate for Corn was reduced from 935 to 752 million bushels. (stocks/usage 6%, lowest since 1975)
12/11/06 The USDA's 2006-2007 U.S. ending stocks estimate of Corn was unchanged at 935 million bushels.
The USDA's 2006-2007 world ending stocks estimate of Corn was increased from 90 to 93 million tons.
11/20/06 Will there be enough corn? "There is a collision course on the horizon, but when and how severe it is going to be, I don't know," said Doug Thompson, a corn and soybean grower near Kanawha, in north-central Iowa.
11/2/06 FC Stone estimates the U.S. corn crop at 10.808 billion bushels, and Informa Economics predicted the crop at 10.729 billion bushels. This compares with the USDA’s October estimate of 10.905 billion bushels.
10/12/06 The USDA's 2006-2007 U.S. ending stocks estimate for corn was reduced from 1.220 to .996 billion bushels.
10/12/06 The USDA's 2006-2007 world ending stocks estimate for corn was reduced from 92 to 90 million tons.
9/8/06 The USDA said that U.S. 2005-2006 exports of Corn finished the year up 20% YoY.
8/12/06 The USDA's U.S. 2006-2007 ending stocks estimate for Corn was increased from 1.077 to 1.232 billion bushels.
8/12/06 The USDA's world 2006-2007 ending stocks estimate forCorn was increased from 91 to 93 million tons.
6/30/06 The USDA estimated U.S. planted acres this spring  79.4 million acres of corn, down 3% from a year ago, but up 2% from the March estimate.
6/30/06 The USDA reported U.S. grains stocks as of June 1st 4.36 billion bushels of corn, up 1% from a year ago.
6/19/06 The Chairman of China’s Cereals and Oils Association says China’s growing industrial use of Corn will force the country to import 10 mmt. of Corn by 2010.
6/3/06 Ethanol dazzles Wall Street, White House -- Ethanol production in the United States is growing so quickly that for the first time, farmers expect to sell as much corn this year to ethanol plants as they do overseas.
"It's the most stunning development in agricultural markets today — I can't think of anything else quite like this," says Keith Collins, the U.S. Agriculture Department's chief economist.
The amount of corn used for ethanol, estimated at 2.15 billion bushels this year, would amount to about 20 percent of the nation's entire crop, according to department projections.
Even as ethanol devours corn and pushes prices higher, the president and Congress are calling for even greater ethanol use. Wall Street cannot seem to get enough of ethanol-related investments. Automakers are speeding ethanol-capable vehicles onto the road.
4/10/06 The USDA 2005-2006 U.S. ending stocks estimate forcorn was reduced from 2.351 to 2.301 billion bushels.
The USDA's 2005-2006 world ending stocks estimate for corn was reduced from 130 to 129 million tons.
3/31/06 The USDA's 2006-2007 planting estimate forCorn is 78.0 million acres, down 5% YoY -- less than expected.
As of March 1st, U.S. grain stocks of Corn totaled 6.99 billion bushels, up 3% YoY.
3/10/06 The USDA's 2005-2006 U.S. ending stocks estimate for corn was lowered from 2.401 to 2.351 billion bushels.
1/26/06 Can farms yield fuel and feed the world? Some experts scoff at the idea of corn shortages, but others say it is possible, at least to some degree. Wendy Wintersteen, dean of the College of Agriculture at Iowa State University, said that possibly as early as this summer, "we will have areas of the state we would call corn-deficient," because there will not be enough for livestock feed as well as ethanol plants.
1/12/06 The USDA's 2005-2006 U.S. ending stocks estimate for Corn was increased from 2.419 to 2.426 billion bushels.
12/9/05 The USDA's 2005-2006 world ending stocks estimate for Corn was increased from 114 to 119 million tons.
12/9/05 The USDA's 2005-2006 U.S. ending stocks estimate for Corn was increased from 2.319 to 2.419 billion bushels.
11/10/05 The USDA's 2005-2006 U.S. ending stocks estimate for
Corn increased from 2.220 to 2.319 billion bushels.
10/12/05 USDA's 2005-2006 U.S. ending stocks estimates for Corn was increased from 2.079 to 2.220 billion bushels.
10/12/05 Today’s USDA production estimates for Corn was increased from 10.639 to 10.857 billion bushels
09/12/05 The USDA's 2005-2006 U.S. crop estimate for
Corn was increased from 10.350 to 10.639 billion bushels.
09/12/05 The USDA's 2005-2006 U.S. ending stocks estimate for
Corn was increased from 1.900 to 2.079 billion bushels.
7/12/05 The USDA's 2005-2006 U.S. ending stocks estimate for
Corn was reduced from 2.54 to 2.24 billion bushels.
The USDA's 2005-2006 world ending stocks estimate for
Corn was reduced from 121 to 114 million tons.
06/10/05 The USDA's U.S. ending stocks estimate for
Corn remained at 2.540 billion bushels. The USDA's world ending stocks estimate for Corn was reduced from 122 to 121 million tons.
06/06/05 The Senate Energy and Natural Resources Committee approved its portion of energy legislation that would increase the use of biofuels such as biodiesel and ethanol.
05/12/05 The USDA's 2005-2006 world ending stocks estimate for Corn is 122 million tons, down from 129 million tons in 2004-2005.
05/12/05 The USDA's 2005-2006 U.S. ending stocks estimate for corn is 2.540 billion bushels, up from 2.214 billion bushels in 2004-2005.
04/27/05 The USDA report showed that 30% of the U.S. corn crop has  been planted, more than was expected.
04/26/05 If you’re worried about the recent European Union ban on imports of grain from the US you can now breathe a sigh of relief. Tests of Syngenta animal feed and grains imported into the European Union have shown the products to be free of a genetically modified (GMO) strain of maize blocked by the EU, the company said on Tuesday.
U.S. exporters send 3.5 million tonnes of corn gluten feed to Europe each year, a trade worth some 350 million euros ($449 million).
04/26/05 The Renewable Fuels Association said that the U.S. produced 245,000 barrels of ethanol per day in February, a new record high.
04/25/05 The USDA said  that  30% of the corn crop has been planted.
These days, however, ethanol-makers are getting creamed. Even as oil prices hover around $50 a barrel, ethanol has plunged by at least one-fourth since January. For the first time in memory, a gallon of ethanol at wholesale is going for a dollar less than a gallon of gas at the pump.
04/14/05 Informa Economics, a private analytical firm, is said to estimate U.S. cornproduction at 10.721 billion bushels. This compares to USDA's April productionestimate of 11.807 billion. Export sales from the U.S. Department of Agriculture for corn were 915,600 metric tons for 2004-05. This is above trade estimates of 650,000 to 850,000 metric tons.
04/12/05 Thirty-three U.S. governors are seeking to expand federal mandates for the use of ethanol as a fuel additive, the Wall Street Journal reported Tuesday. Also Chinese officials are visiting Brazil this week in search of knowledge on how to introduce ethanol as an additive into gasoline fuel.  
03/10/05 The USDA's 2004-2005 U.S. ending stocks estimate for
Corn was increased from 2.010 to 2.055 billion bushels.
The USDA's 2004-2005 world ending stocks estimate for
Corn was increased from 117 to 122 million tons.
02/17/05 Compared to one year ago, U.S. exports for Corn remained at +4%.
02/14/05 24 weeks into the 2004-05 marketing year, U.S. corn inspections are running 6.1% behind last year's pace.
02/09/05 The USDA's 2004-2005 U.S. ending stocks estimate for
Corn was increased from 1.96 to 2.01 billion bushels. And the USDA's 2004-2005 world ending stocks estimate for Corn was increased from 115 to 117.3 million tons.
01/12/05 The USDA's 2004-2005 U.S. ending stocks estimate for
Corn was increased 116 million bushels to 1.960 billion bushels.
The USDA's 2004-2005 world ending stocks estimate for
Corn was increased 3 million tons to 115 million tons.
12/10/04 The USDA's 2004-2005 U.S. ending stocks estimate for
Corn was increased 25 million bushels to 1.844 billion bushels.
The USDA's 2004-2005 world ending stocks estimate for
Corn was increased 3 million tons to 112 million tons. The Report Lacks Surprises
11/12/04 The USDA's U.S. 2004-2005 production estimate for
Corn was increased from 11.613 to 11.741 billion bushels,
and the  USDA's U.S. 2004-2005 ending stocks estimate for
Corn was increased by 128 million bushels to 1.819 billion bushels
10/11/04 The USDA's world 2004-2005 ending stocks estimates for Corn increased from 88 to 101 million tons.
10/11/04 The U.S. 2004-2005 production estimate for Corn was increased from 10.961 to a record high 11.613 billion bushels.
10/11/04 The USDA's U.S. 2004-2005 ending stocks estimates for Corn were increased 482 million bushels to 1.691 billion bushels.
10/07/04 Compared to one year ago, U.S. 2004-2005 exports for Corn improved from -13% to even with a year ago.
09/12/04 The USDA estimates of 2004-2005 world ending stocks for Corn were increased 2 million tons to 88 million tons.
09/10/04 The USDA estimates of 2004-2005 U.S. ending stocks for Corn were increased 77 million bushels to 1.209 billion bushels.
07/12/04 The USDA's 2004-2005 estimate of world ending stocks for
Corn were increased 7 million tons to 76 million tons.
07/12/04 The USDA's 2004-2005 U.S. production estimate for
Corn is 10.635 billion bushels, a new record high.
07/12/04 The USDA's 2004-2005 estimates of U.S. ending stocks for
Corn were increased 250 million bushels to 991 million bushels.
06/30/04 The USDA pegged 2004 corn acreage at 80.968 million acres, up 1.96 million acres from its March planting intentions figure of 79.0 million. This is a 3% increase from 2003. The USDA estimated harvested acres will total 73.4 million.
06/10/04 The USDA's 2004-2005 world ending stocks estimates for Corn were increased 2 million tons to 69 million tons. U.S. ending stocks estimates for Corn were unchanged at 741 million bushels.
04/08/04 The USDA pegged U.S. 2003/04 (old-crop) corn ending stocks at 856 million bushels, down from USDA's March forecast for 901 million
03/31/04 USDA's planting estimates for Corn are 79.0 million acres, up 0.3% from a year ago.
03/31/04 As of March 1st, the USDA reported Corn stocks at 5.27 billion bushels, up 3% from a year ago.
02/10/04 The USDA's 2003-2004 ending stocks estimate for
Corn was reduced by 80 million bushels to 901 million bushels.