date:Oct 12, 2012
smallest in six years.
The government lowered its projection for the national average corn yield to 122 bushels an acre from 122.8 a month ago.
The USDA forecast domestic soybean inventories next August, at the end of the 2012-13 crop year, will be 130 million bushels, below the average analyst prediction of 134 million.
Soybean supplies will tighten in part because of strong, China-led export demand. The USDA boosted its demand forecasts for domestic soybeans even as it projected a larger crop