date:Jan 04, 2013
yield (which appears to be about 44 bushels/acre from Dr. Goods slides) would put the 2013 crop very near the 2009 record. Larger crops in both major growing areas would expand world inventories and push the U.S. average farm price for beans into the $11 to $12/bushel range, sharply lower than the expected 12-13 average of $14.50.
U.S. wheat production rebounded nicely in 2012 but output in the rest of the world fell, improving U.S. export demand. High corn prices helped wheat by driving more