Here are the Average Trade Guesses for some key portions of tomorrow's June USDA S/D report that will be released @ 7:30 am. Last month's numbers are also referenced in parenthesis.
2011/2012 Ending Stocks Estimate (million Bu)
Corn = 828 (May USDA = 851)
Beans = 197 (May USDA = 210)
Wheat = 757 (May USDA = 768)
2012/2013 Ending Stocks Estimate (million bu)
Corn = 1740 (May USDA = 1881)
Beans = 147 (May USDA = 145)
Wheat = 728 (May USDA = 735)
It appears the trade is estimating lower ending stocks in most crops for both this year and next in tomorrow morning's report. Stay tuned to wheatgrowers.com for more information as the report is released.