Jerry Gulke DTN Columnist
Mon Mar 11, 2013 06:28 AM CDT

USDA increased corn imports 25 million bushels and lowered exports 75 mb. Consequently, USDA had an extra 100 mb of supply that could have been used to increase ending stocks by 100 mb. But USDA did not increase ending stocks, electing instead to increase feed usage and leave ending stocks unchanged. This suggests USDA does not see our pipeline supplies at 632 mb going any lower.

So far, USDA must view the good basis as an indication that stocks are indeed tight for corn and proof that feed demand has not faltered. Or, USDA is playing it safe and deferring ...

Quick View
  • Is Your Burndown Working? A cool, wet spring and the spread of herbicide-resistant weeds mean farmers should take the extra...
  • Gains on Covers It took Jerry Doan several years and a lot of trials, but the North Dakota beef producer has lear...
  • Side-by-Sides and Cool Helmets Side-by-side manufactures continue to roll out new machines and machine updates. Here are two more.
  • Stress Test for Borrowers Farm finances rate an "A" now, but economists debate if that's good enough to handle a major corr...
  • Senators Question EPA A group of U.S. senators Wednesday told President Barack Obama that his administration has not fo...
  • Climate Work Ahead at USDA Ag Secretary Tom Vilsack spoke about GOP complaints regarding the Obama administration's work wit...
  • Full-Circle Farming Bill Couser sees farming as a full circle. If it comes off the farm, it can go back into the farm.
  • Making the Grade What if corn isn't cheap the next five years? Fickle price projections can sway farm bill choices.
  • Ask the Vet What's my best bet for fly control?
Related News Stories
DTN Midday Grain Comments
DTN's Quick Takes
DTN Before The Bell Grain Comments
DTN Early Word Opening Livestock
DTN Early Word Grains
DTN Closing Grain Comments
DTN Midday Livestock Comments
DTN Midday Grain Comments
View From the Cab
DTN Before The Bell Grain Comments