date:Oct 01, 2012
op year also represented the lowest carryout for eight years, and was 125m bushels short of the figure that analysts had forecast.
The decline - the biggest shortfall from market expectations on record for a September stocks report, according to broker RJ O'Brien - reflected a tumble in inventories held outside farms, at sites such as elevators.
Stocks on farm held steady year on year.
Prices bounce
The impact on prices was to send Chicago's December corn futures contract - which had earlie