US Corn Stockpiles Down 38% In Three Months - Sharpest Drop Since 1975

[Benton D Struckcheon]

1. You're posting a forecast

The actual figures that were released on Friday were different enough to cost a whole lot of people a nice piece of money:

The wait is over. USDA’s Prospective Plantings report shows producers intend to plant a record number of acres to corn, which comes as no surprise, and intended soybean acreage could be the fourth highest ever. Old-crop stocks of corn, however, were much higher than expected, according to USDA’s quarterly Grain Stocks report, which will weigh on corn prices moving forward.
...
The biggest surprise in the quarterly Grain Stocks report was that old-crop corn stocks were substantially higher than expected at 5.4 billion bushels, indicating that feed use, exports, and demand from the ethanol sector were all softer than anticipated. The combination of record acres and higher-than anticipated old-crop stocks sparked a selloff in the futures market that sent old-crop corn futures tumbling their 40-cent limit.

Link: http://www.agweb.com/article/record_acres_larger_stocks_pressure_corn_limit_down/