Corn Stock | Soybean | Estimated

Corn commodities import estimated and soybean crop yield estimated at azocommodity.com

Corn import estimates at 1mt in 2013: corn imports of China is forecasted to drop to 1 million tons in 2013, according to China National Grain and Oils Information Center. The corn estimate is down more than 80 percent of 5.5 million tons in 2012. The fall was because of surge in US corn prices, which has cut Chinese buying interest and triggered cancellations of contracts

New global Corn crop ending stocks at 123.95 MMT: new global corn crop ending stocks of 123.95 were above the forecast of 121.0 MMT. Corn production was reduced in EU?27 and Canada, but domestic feed and exports were also reduced. Brazilian corn exports were raised 1 MMT.

US Soybean crop yield estimated at 35.3 bpa: US Soybean crop yield estimated at 35.3 bushel per acre (bpa) vs. consensus of 35.8 by USDA. Harvested acres of 74.6m were unchanged from last month and slightly above the estimated 74.4m . Production of 2.634b bu trailed the forecast of 2.657b.