date:Sep 06, 2013
markets. Yields in the delta and southeast continue to come in better than expected and in some cases at record levels.
End user coverage will be active as basis levels creep lower which will limit the downside of the cash market. There will be a flurry of private crop production forecasts released this week for 2013/14 ahead of the USDA report on September 12th.
A private satellite firm estimated corn production at 13.33 billion bushels on an average yield of 151.6 bushels per acre.
This is