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Hedging Corn and Soybeans

RSS By: Howard Tyllas, AgWeb.com

Howard Tyllas is currently a member of the Chicago Board of Trade and registered with the Commodity Futures Trading Commission as a floor broker and as a Commodity Trading Advisor.

WASDE Report for 3/30/12

Mar 30, 2012

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Released March 30, 2012, by the National Agricultural Statistics Service
(NASS), Agricultural Statistics Board, United States Department of
Agriculture (USDA).

Corn Stocks Down 8 Percent from March 2011
Soybean Stocks Up 10 Percent
All Wheat Stocks Down 16 Percent

Corn stocks in all positions on March 1, 2012 totaled 6.01 billion bushels,
down 8 percent from March 1, 2011. Of the total stocks, 3.19 billion bushels
are stored on farms, down 6 percent from a year earlier. Off-farm stocks, at
2.82 billion bushels, are down 10 percent from a year ago. The
December 2011 - February 2012 indicated disappearance is 3.64 billion
bushels, compared with 3.53 billion bushels during the same period last year.

Soybeans stored in all positions on March 1, 2012 totaled 1.37 billion
bushels, up 10 percent from March 1, 2011. Soybean stocks stored on farms are
estimated at 555 million bushels, up 10 percent from a year ago. Off-farm
stocks, at 817 million bushels, are up 10 percent from last March. Indicated
disappearance for the December 2011 - February 2012 quarter totaled
998 million bushels, down 3 percent from the same period a year earlier.

All wheat stored in all positions on March 1, 2012 totaled 1.20 billion
bushels, down 16 percent from a year ago. On-farm stocks are estimated at
217 million bushels, down 25 percent from last March. Off-farm stocks, at
983 million bushels, are down 14 percent from a year ago. The
December 2011 - February 2012 indicated disappearance is 462 million bushels,
down 9 percent from the same period a year earlier.

Durum wheat stocks in all positions on March 1, 2012 totaled 35.3 million
bushels, down 37 percent from a year ago. On-farm stocks, at 17.4 million
bushels, are down 51 percent from March 1, 2011. Off-farm stocks totaled
17.9 million bushels, down 13 percent from a year ago. The
December 2011 - February 2012 indicated disappearance of 13.2 million bushels
is up 10 percent from the same period a year earlier.

Barley stocks in all positions on March 1, 2012 totaled 93.7 million bushels,
down 32 percent from March 1, 2011. On-farm stocks are estimated at
26.5 million bushels, 54 percent below a year ago. Off-farm stocks, at
67.2 million bushels, are 16 percent below March 2011. The
December 2011 - February 2012 indicated disappearance totaled 45.3 million
bushels, 7 percent above the same period a year earlier.

Oats stored in all positions on March 1, 2012 totaled 72.5 million bushels,
16 percent below the stocks on March 1, 2011. Of the total stocks on hand,
19.8 million bushels are stored on farms, down 27 percent from a year ago.
Off-farm stocks totaled 52.8 million bushels, down 11 percent from the
previous year. Indicated disappearance during December 2011 - February 2012
totaled 6.60 million bushels, down 55 percent from the same period a year
ago.

Grain sorghum stored in all positions on March 1, 2012 totaled 108 million
bushels, down 37 percent from a year ago. On-farm stocks, at 12.8 million
bushels, are down 2 percent from last March. Off-farm stocks, at 95.1 million
bushels, are down 40 percent from a year earlier. The
December 2011 - February 2012 indicated disappearance from all positions is
43.0 million bushels, down 35 percent from the same period last year.

Sunflower stocks in all positions on March 1, 2012 totaled 910 million
pounds, up 4 percent from March 1, 2011. All stocks stored on farms totaled
377 million pounds and off-farm stocks totaled 533 million pounds. Stocks of
oil type sunflower seed are 732 million pounds; of this total, 298 million
pounds are on-farm stocks and 434 million pounds are off-farm stocks. Non-oil
sunflower stocks totaled 178 million pounds, with 78.7 million pounds stored
on the farm and 99.5 million pounds stored off the farm.

This report was approved on March 30, 2012.

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Howard Tyllas

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Email: dailynumbers@futuresflight.com
http://www.futuresflight.com/

Tel.1-312-573-2699, 1-312-823-9189

Disclaimer: No guarantee of any kind is implied or possible where projections of future conditions are tempted. Futures trading involve risk.In no event should the content of this be construed as an express or implied romise, guarantee or implication by or from Howard Tyllas, that you will profit or that losses can or will be limited in any manner whatsoever. No such promises, guarantees or implications are given. Past results are no indication of future performance.

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