date:Jul 05, 2013
day but remain at historically high levels with physical traders noting that it was becoming increasingly difficult to source supplies.
Many crushers only have 2 weeks of coverage at this point. A private grains analyst estimated US production at 3.376 billion bushels, down slightly from their prior forecast and down from the most recent USDA estimate of 3.39 billion.
The estimated yield was 43.9 bushels per acre as compared with the USDA forecast of 44.5 bushels per acre.
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