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DJ USDA Report: Summary For Prospective Plantings, Grain Stocks
CHICAGO (Dow Jones)--The following table is provided as a service to Dow
Jones Newswires subscribers in conjunction with the U.S. Department of
Agriculture's prospective plantings and quarterly grain stocks reports.
The reports were released Thursday morning.
Estimates are in millions of acres for 2011 U.S. prospective plantings and
billions of bushels for grain stocks as of March 1.
Prospective Plantings
Thursday's 2010
USDA Average Range Seedings
Corn 92.2 91.662 90.400-92.600 88.192
Soybeans 76.6 76.969 75.000-78.500 77.404
All Wheat 58.0 57.302 56.600-58.400 53.603
Winter Wheat 41.2 41.150 40.500-42.900 37.335
Other Spring Wheat 14.4 13.710 13.000-14.310 13.698
Durum 2.4 2.552 2.400-2.800 2.570
Cotton 12.6 13.12 11.8-13.60 10.97
** In the January Winter Wheat Seedings Report, USDA estimated
2011 winter wheat plantings at 40.990 million acres.
Grain Stocks
2010 2010
Dec. 1 Mar. 1
Thursday's USDA USDA
USDA Average Range Stocks Stocks
Corn 6.52 6.701 6.552-6.800 10.040 7.694
Soybeans 1.25 1.295 1.266-1.366 2.277 1.270
Wheat 1.42 1.399 1.300-1.488 1.928 1.356
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1 comments:
The lack of excitement was enhanced in beans with the CME lowering both initial and maintenance margins for beans and meal showing there is little reason to trade these from a long volatility standpoint in spite of the relatively low levels as compared with corn. To absolutely understand, save time to learn to trade futures.
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