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Pat Hill DTN Markets Editor

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Wednesday 03/10/10

Big World Ending Stocks Numbers

World corn stocks surged to over 140 million metric tons, up 6 MMT from USDA's Feb. tally, according to the March S&D report just released. But there were some other numbers that also may give analysts a little to chew on.

World soybean ending stocks inched up to over 60 MMT, as USDA was not shy about upping its estimate of Brazil production by another 1 MMT.

US numbers -- hikes in corn and wheat ending stocks to above the high end of pre-report estimates. A cut in soybean ending stocks was as expected.

Check DTN's home page on the web for more of the numbers, and for a link to a quick audio review of the reports coming up in about an hour, featuring DTN Senior Analyst Darin Newsom and DTN Basis Analyst Bob Bailey.

Posted at 7:48AM CST 03/10/10 by Pat Hill

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Blog Home Pages

	July2010
S	M	T	W	T	F	S
				1 June 1 Wheat Stocks Buildup Where the Corn Is Cash Corn, Wheat Bids Bump Up	2 A Look Back at Wheat Marketings Informa: Corn 13.2 b bu, Beans, 3.385 b bu HRW Protein, Test Weight Update, and Market Advice Cash Indexes Build Gains	3
4	5	6 Guesses, Anyone? Out the Window, Out the Windshield Can Cash Corn Continue the Rally?	7 Biotech Wheat Back on the Drawing Board Macro Forecast - IHS Global Insight Cash Bids Mixed Tuesday	8 Big Gains for Grain Bids	9 Biggest Changes: World Stocks Numbers Another Step Up the Ladder	10
11	12 Mopping Up After the Lockup Cash Soybeans Top Off Big Week	13 Cash Indexes Mixed to Start the Week	14	15 Chicago Wheat Hits 13-Month High	16 Big Rally Sends Wheat Prices Skyrocketing	17
18	19 Wheat Prices Fall Back on Market Correction	20	21 Wheat Indexes Fall on Profit Taking	22 Cash Corn Index Rebounds on Futures Strength	23 Taking Commodity ETFs to Task Early SRW Quality Reports Wheat Indexes Pad Gains	24
25	26 Bean Counters -- For Real Corn Index Sags	27 Grains Council: No Word on Quality Issues for China Corn Shipment Spring Wheat Tour Under Way Indexes Start Week Sliding Downhill	28 Big Advances, So What? Wheat Horse Has the Bit in Her Teeth	29 IGC Monthly Forecast Cuts Wheat Production Another Leg Up for Cash Bids	30	31

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