date:Aug 15, 2013
llion from July but still 28 per cent larger than last year crop.
USDA reduced estimated feed/residual usage by 50 million bushels. That is a good move in our opinion that may have to be made again in future months since the figure is still 14.6 per cent larger than last year. While wheat feed usage is estimated to be 110 million bushels lower in the coming year, the total feed/residual usage for corn, wheat, sorghum, barley and oats is still 10 per cent higher than this past year. While chicke