USDA Quarterly stock Estimated (1 Oct 09)

The USDA will reported grain quarterly stock on 30 Sep 2009. This is a summary of trade estimated,

1. Corn : Average= 1.719 billion Bushels, range of estimated 1.665-1.803 billion
   
2. Bean : Average= 0.111 billion Bushels, range of estimated 0.09-0.135 billion
3. Wheat : Average= 2.131 billion Bushels, range of estimated 2.065- 2.239 billion

comment : Bean stock is tight may support price for short term but corn and wheat have high stock pile bearish on corn and wheat futures.