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Final numbers for the 2008 crop
US Corn:
Beg. Stocks 1624
Production 12101
Total Supply 13740
Total Use 12040
Ending Stocks 1800
Stock/Use 14.12%
From last month they increased usage slightly and decreased ending stocks slightly.
Stocks/Use fell to 14.12% from 14.5%. Overall not a big change.
US Beans:
Beg. Stocks 205
Production 2959
Total Supply 3176
Total Use 3011
Ending Stocks 165
Stock/Use 5.48%
From last month they increased usage and decreased ending stocks in an all ready tight suppoy. Stocks/Use fell to 5.48% from 6.19%. These are very tight numbers.
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