date:Jan 06, 2013
forecasting sharply higher corn planted area in 2013 and a record large corn crop well above 14 billion bus, assuming a return to near normal yields and not unlike early forecasts of 14.79 billion bus for the 2012 crop, which was down 27% from those early forecasts. Whether the lingering effects of depleted soil moisture from the drought allows yields nearer trend in 2013 remains to be seen.
Nearby soybean futures prices ended 2011 near $12 a bu compared with nearby contracts trading around $14