OMAHA (DTN) -- The most-watched numbers in the December round of USDA reports are expected to be world production and ending stocks estimates.
USDA will release its Crop Production and monthly World Agricultural Supply and Demand Estimates (WASDE) reports at 11 a.m. CST Tuesday.
Pre-report estimates for the domestic corn situation are at once interesting and amusing. According to news accounts, the average ending stocks guess came in at 1.861 billion bushels as compared to USDA's November projection of 1.887 bb. Where are the adjustments expected to be made to create the decrease? Nobody really seems to know. Truth ...