Replies to post #53446 on China Growth Stocks

[pmony5]

BORN also keep in mind USDA report today on Corn prices heading much higher and the biggest cost to BORN....

The USDA released its October supply/demand report, which is very bullish for corn futures. The Dept. slashed end-of-crop-year inventory (ending stocks) expectations by 19.2% to 902 million in the U.S., from 1.116 billion. Global corn inventory expectations fell 2.4% to 132.36 million metric tons (mmt). The USDA's initial corn inventory estimate for the 2010/11 crop year, which was first issued in May, called for inventory levels of 1.818 billion. This shows that the current 902 million bushel level is 50% below original expectations. The primary driver of the inventory reduction today came from a 4.1% reduction in corn yield expectations (to 155.8 from 162.5).