Corn stocks in all positions on March 1, 2017 totaled 8.62 billion bushels, up 10 percent from March 1, 2016. Of the total stocks, 4.91 billion bushels were stored on farms, up 13 percent from a year earlier. Off-farm stocks, at 3.71 billion bushels, are up 6 percent from a year ago.
Casting aspersions or disparaging the Federal Reserve the USDA is a time honored tradition. It is done all the time. High profile groups or government organizations are easy targets to make light of and to distrust. Not to say such groups cannot be wrong.
Last week the American political establishment was shaken to its foundation when the Republican Party leadership withdrew the American Health Care Act (AHCA) just before the vote was to be taken on the floor of the House of Representatives.
Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the fourth quarter of 2016, according to the "third" estimate released by the Bureau of Economic Analysis. In the third quarter of 2016, real GDP increased 3.5 percent.
IntercontinentalExchange (ICE) Raw sugar futures fell sharply to a 10-month trough on Wednesday, after the prior session's move lower formed a technical bearish flag and triggered a fresh bout of selling, while cocoa slumped amid enduring worries about ample supplies.
New York Mercantile Exchange (COMEX) Gold prices traded modestly lower on Wednesday, weighed by a rise in the dollar, which continued to recover from multi-month lows, after the release of upbeat economic data.
New York Mercantile Exchange (NYMEX) Oil prices rose more than 2 percent on Wednesday as United States crude inventories grew less than expected, supply disruptions continued in Libya and the Organization of the Petroleum Exporting Countries (OPEC) -led output cut by producing countries looked likely to be extended.
Chicago Mercantile Exchange (CME) United States Treasuries traded significantly higher today as headwinds from higher oil prices and equity markets failed to prevent government bond prices from stalking Monday's highs.