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Corn is indicated to open sharply higher as the USDA cuts its stocks/use estimate to 5.2% due to...

Corn is indicated to open sharply higher as the USDA cuts its stocks/use estimate to 5.2% due to rain-induced planting delays and otherwise lousy weather this Spring. Wheat stocks are cut as well, but just by a hair, while bean inventories are projected to rise a bit. Full report (pdf).
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Comments (2)
  • PrestonAlex
    , contributor
    Comments (10) | Send Message
     
    We've added 2 million acres and 6 bushels/acre over last year, but we can't rebuild stockpiles. Something has to give: will it be livestock feeding, ethanol production, or will we have to get used to $8 corn?
    9 Jun 2011, 10:28 AM Reply Like
  • HiSpeed
    , contributor
    Comments (1177) | Send Message
     
    END all ethanol subsidies NOW!
    9 Jun 2011, 10:59 AM Reply Like
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