date:Jul 05, 2013
rn use needs to average 96.06 million bushels per week to meet this crop year's USDA estimate of 4.6 billion bushels. Stocks as of June 28th were 15.45 million barrels, down 5.2% vs. last week and down 23.9% vs. last year.
A private grain analyst estimated US 2013/14 corn production at 14.259 billion bushels, down from their prior forecast but up from the most recent USDA estimate of 14.005 billion.
The projected yield was 160 bushels per acre as compared with the USDA estimate of 156.50 bushe