notizie da USDA
Corn
Corn futures are trading higher on reduced U.S. and global stocks. USDA this morning said that ending stocks could drop to 675 million bushels, the lowest since 1995/96. USDA raised food, seed and industrial usage by a total of 70 million bushels with increased ethanol usage making up 50 million bushels of that total. USDA also raised the average on farm price to $5.40. USDA lowered World corn ending stocks by 4.5 MMT. USDA left China ending stocks at 60.11, the same as last month. The largest decline in world ending stocks by percentage from the January report were Brazil, Mexico, Ukraine and the FSU-12. Canada and SE Asia showed a slight increase in ending stocks. Cash basis levels were steady to mixed with the Blair NE processing plant down 9 cents. Mar 11 Corn is at $6.95 3/4, up 22 cents, May 11 Corn is at $7.06 1/2, up 21 3/4 cents, Jul 11 Corn is at $7.11 3/4, up 20 1/4 cents Dec 11 Corn is at $6.16 1/4, up 11 3/4 cents