date:May 16, 2013
drought or heat, including a 13 percent decline in 2012 that was the largest slump in almost two decades. As of May 5, the government estimated 12 percent of the crop was in the ground, less than the 56 percent average of the prior five years.
World Supply
Global corn production was forecast at a record 965.94 million metric tons, a 13 percent jump from the previous year, according to the USDA. Aggregated world inventories on Oct. 1, 2014, will total 154.63 million tons, up from 125.43 million