USDA outlook forum numbers

[vrbuck]

corn....94 mill

beans.....75 mill

wheat......58 mill

beans acre number raised 1 mill and wheat raised 1.5 mill

These are usable numbers untill the march 30 report.  They are somewhat of a surprise because beans and wheat have increased while corn stayed with in where everyone suspected. 

[jec22]

Bean and wheat increasing due to drop in rice acres? 

[vrbuck]

Expect exports to China to drop 15 percent

[p-oed Farmer]

FWIW.....

Arlan Suderman @ArlanFF101

USDA's track record 4 estimating Chinese soybean imports is very weak. historically under-estimate; why should they be better at corn $ZC_F

[Jim Meade / Iowa City]

I've been told that the Chinese feel they can't grow everything.  They can buy soybeans from three major sources but there is only one really big place to buy corn, so they try to grow their own and buy beans because they can shop the market better.  It would be my guess that it will be very hard to make any estimate on Chinese demand.  So many variables and so many was to vary, perhaps themost important being political.

[p-oed Farmer]

Jim maybe one way for the USDA would be to look at the price of corn in China...... It is not at record highs because they are swimming in it?......... p-oed

[vrbuck]

Just repeating numbers don't kill the messanger

[mid-west]

It will be interesting to see what China does with corn. Right now they are upside down with their move to sell off their reserves.

[roarintiger1]

With these numbers released today, why in the samhill  ( I have no idea where this saying came from) do we need the March planting intentions report?  USDA has way too many reports.....and the traders love it because it moves the markets. For an agency that preaches stabilization, they have a funny way of creating just the opposite.

[Jim Meade / Iowa City]

There are many answers to Sam Hill.  Here is a fun one.

The expression “Sam Hill” was born in early 19th century America. During that time, it was considered “vulgar” and “improper” to use profanity in civilized conversation. This included the word “hell”.

This expression was the result of altering the word “hell”, using “hill” instead to deem it proper to use in public. The use of the name “Sam” is believed to have been derived from Samiel, the devil in von Weber’s opera Der Freishuetz, first performed in New York City in 1825. Upon putting those two words together, listeners were able to quickly realize that the speaker was referring to hell.
Source(s):
http://www.failedsuccess.com/index.php?/…