date:Apr 11, 2013
e projected 25 million bus lower reflecting the continued sluggish pace of sales and shipments and additional competition from Brazil and Ukraine.
The average farm price of corn was projected to range from $6.65@7.15 a bu in 2012-13, down from $6.75@7.45 projected in March but still above $6.22 a bu in 2011-12 and $5.18 a bu in 2010-11.
Carryover of U.S. soybeans on Sept. 1, 2013, was projected at 125 million bus, unchanged from March but down 44 million bus, or 26%, from 169 million bus in 20