Market Overview

Corn Estimates For Wednesday's USDA Report

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The USDA Monthly Crop production report is due out 12:00 p.m. ET on June 10. Here are the estimates for Corn.

The street estimates the USDA report will show 2014/2015 ending corn stocks near 1.86 billion bushels versus 1.851 billion in May. New Crop 2015/2016 ending stocks are estimated to be 1.780 billion bushels versus 1.749 billion in May. Globally, the Street sees the USDA report showing ending corn stocks for 2014/15 at 192.53 million tons, pretty much the same as the USDA May forecast. The Street estimates for new crop, 2015/16 global ending stocks are around 192 million tons, also about the same as the May report.

 

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