Understanding the surprise in USDA's corn stocks estimate
Story Date: 1/20/2012

 

Source: SOUTHEAST FARM PRESS, 1/17/12

The corn market was surprised by the USDA's final 2011 corn production estimate and the estimate of Dec. 1, 2011 corn stocks. The March 2012 futures price declined by 52 cents per bushel in the two sessions following the release of the reports, said Darrel Good, a University of Illinois agricultural economist.

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