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USDA FEBRUARY REPORT PUTS CORN PRICES UNDER PRESSURE

机译:美国农业部二月报告压力下玉米价格上涨

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摘要

The latest USDA forecast for the 2009/10 corn crop is considered as bearish after ending stocks were raised to 1.799 bln bushels from a February estimate of 1.791 bln and the 2008/09 number of 1.673 bln. Although, corn production was slightly reduced to 13.13 bln bushels from 13.15 bln in February this would below analysts expectations. The corn use for fuel ethanol number was kept unchanged at 4.3 bln bushels but is markedly up on the 3.677 bln used in 2008/09. The band for the average farm price was reduced to $3.45-3.75 per bushel compared with $3.45-3.95 in February and $4.06 in 2008/09.
机译:美国农业部对2009/10年度玉米作物的最新预测被认为是看跌的,因为期末库存从2月份的估计数17.91亿蒲式耳和2008/09年度的16.73亿蒲式耳增至17.99亿蒲式耳。尽管玉米产量从2月份的131.5亿蒲式耳略降至131.3亿蒲式耳,但低于分析师的预期。玉米用于燃料乙醇的数量保持不变,为43亿蒲式耳,但明显高于2008/09年度的36.77亿蒲式耳。农场平均价格范围降低至每蒲式耳3.45-3.75美元,2月份为3.45-3.95美元,2008/09年度为4.06美元。

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