date:Apr 10, 2013
A poll of market analysts conducted by Dow Jones indicated that on average analysts expect USDA to revise higher its estimates of corn ending stocks for the 2012/13 marketing year.
The 1 March quarterly stocks survey pegged 1 March corn stocks at 5.4 billion bushels, almost 400 million bushels larger than what trade was expecting coming into the report. With the supply side of the balance sheet known (see table), it will be interesting to see how USDA will change its estimates of corn exports,