USDA Defends US Corn Stocks Data at Data Meeting

U.S. Department of Agriculture officials on Monday stood by their last two quarterly U.S. corn inventory reports but said the poor quality of the 2009 harvest may have played a role in large swings in the figures.
The inventory reports, along with an Oct. 8 corn yield estimate that came in well below trade expectations, whip-sawed the Chicago Board of Trade grain markets, sparking pointed questions at USDA’s annual data meeting Monday in Chicago.


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