Traders Shocked By Corn Stocks Estimates

Traders shocked by Corn stocks estimates: Corn futures rose to their highest levels since August, on a "shockingly low" 2006-07 USDA Corn ending stocks estimate of 1.141 billion bushels. The trade was looking for a figure closer to 1.6 billion bushels. This estimate is almost 50% less than the 2005-06 carryout totals. Increased production of Ethanol, and lower planted acres were the reasons behind the bullish figure. Read More....