From WILL - Ag Notes -

Looking Ahead to the September 1 Corn Stocks Estimate

Chart shows the very slow pace of 2012/2013 marketing year exports of corn.

Corn exports compared year over year.

Darrel Good says…
Ethanol 4.675 up 25
Exports  .730 up 15
Feed & Residual up ?
Grain Stocks dn 50 to 80?

Monday's Weekly Outlook from Darrel Good takes up this week's reports in conjunction with the end of the year Grain Stocks filing due September 30 from USDA. He writes in the Weekly Outlook, "Consumption of corn during the final quarter of the 2012-13 marketing year may have exceeded the USDA's projection in the August WASDE report. If so, stocks of old crop corn on September 1 may have been smaller than currently projected." You may read more from Darrel on the FarmDocDaily website.

Good cautions readers the estimate of corn inventories revealed in the USDA's September Grain Stocks report is not always close to the "calculated" value.

Categories: Agriculture