date:Jan 10, 2013
duction. Trading has been particularly volatile following the January supply-and-demand report, with corn making limit moves on the day of the release six times in a row.
Agricultural analyst Clarivi lowered its estimate for Brazil's 2012/13 corn crop by 2 percent, but raised its forecast for the soybean crop slightly, saying farmers favoured planting the oilseed this season.
Clarivi expects 72.06 million tonnes of corn from Brazil, down from its 73.57-million-tonne forecast in December. The f