Anticipating the USDA's March 1 corn stocks estimate
Posted: 3/11/2013 |
On March 28, the USDA will release an estimate of U.S. corn stocks as of March 1, 2013.
That estimate is based on a survey of all commercial storage facilities and a large sample of farmers. The estimate will be used to gauge the pace of domestic feed and residual use of corn during the second quarter of the 2012-13 marketing year. In addition the magnitude of stocks on March 1 will reveal the supply of corn available for consumption during the last half of the marketing year and will serve as the basis for judging the pace of consumption as it unfolds over the next several months.
Source: Farmdoc Daily