date:Jan 04, 2013
t 163 bu. per acre) would result in a U.S. corn crop in excess of 14 billion bushels, allowing a substantial rebuilding of inventories. Where average U.S. farm prices will average above $7 for the 12-13 marketing year, prices for the 13-14 marketing year could be from $4,75 to $5.50.
Sharply higher late-2012 soybean prices were driven by small crops in both South America and the U.S. Current expectations are for a record-large South American harvest. Stable acreage and a return to trend soybean