date:Apr 15, 2013
arish factor for corn.
Meantime, USDA increased its wheat stocks figure for the end of the 2012-13 marketing year. The new peg for wheat stocks is 731 million bushels versus 716 million bushels in last month's report. The pre-report consensus trade prediction was spot on, at 731 million bushels.
World wheat carryover for the 2012-13 marketing year is pegged by USDA at 182.3 million tons, which compares with 178.23 million tons last month and an analyst consensus forecast of 178.6 million tons.