TITLE

Understanding the surprise in USDA's corn stocks estimate

AUTHOR(S)
Picklesimer, Phyllis
PUB. DATE
January 2012
SOURCE
Southeast Farm Press Exclusive Insight;1/18/2012, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the U.S. Department of Agriculture's (USDA) final 2011 corn production estimate and the estimate of December 1, 2011 corn stocks. University of Illinois agricultural economist Darrel Good claims that March 2012 futures price dropped by 52 cents per bushel in the two sessions following the release of the reports. The department estimate was a very modest 48 million bushels in contrast to what the market had anticipated.
ACCESSION #
71838119

 

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