Wednesday, May 11, 2011

USDA Report

USDA raises corn ending-stocks 170 mil. bushel to 900 mil. bushels

Exports lowered 100 mil. bushel, 2011 estimated yield lowered approx. 3 bu/ac to 158 bu average yield, while total corn acreage left the same at 92.2 mil acres

Estimated 2011 season average price estimated at $6.00/bu

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