date:Aug 15, 2012
mostly reflecting a 3.7-million-ton reduction in foreign production, the U.S.D.A. said. Lower expected production in the FSU-12 accounts for most of this months decline in world output.
U.S. corn production in 2012, the first survey-based estimate of the year, was forecast at 10,779 million bus, down 2,191 million bus, or 17%, from July and down 1,579 million bus, or 13%, from 12,358 million bus in 2011. Total supply for 2012-13 was projected at 11,875 million bus, down 2,028 million bus, or 15