NEWS
USDA Reports Summary
Katie Micik DTN Markets Editor
Tue Dec 11, 2012 07:30 AM CST

WASHINGTON (DTN) -- USDA increased its estimate of U.S. and global wheat ending stocks, citing higher production estimates in Australia and a slowdown of U.S.-origin exports, while making only small tweaks to corn and soybean ending stocks numbers.

USDA trimmed Argentina's corn production estimate from 28 million metric tons to 27.5 mmt, reflecting acreage cuts due to delayed planting. It left Brazilian estimates unchanged. South American soybean production estimates were also left unchanged.

World Agricultural Supply and Demand Estimates (WASDE) link: http://www.usda.gov/…

Crop Production report link: http://usda.mannlib.cornell.edu/…

CORN

U.S. ending stocks were left unchanged from November's estimate at 647 million ...

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