Monday, March 29, 2010

Breaking News - RTRS-PREVIEW-Corn, wheat stockpiles to rise; soy seen shrinking

CHICAGO, March 25 (Reuters) - U.S. corn supplies were
expected to reach their highest level in more than 20 years as
a bumper harvest last autumn led to growing stockpiles despite
rising demand for the crop.
Soybean supplies were expected to fall in the U.S.
Agriculture Department's quarterly stocks report, which will be
issued on March 31, due to aggressive buying by China on the
export market but wheat stocks were seen at a 10-year high as
overseas buyers were looking to other countries to satisfy
demand.