date:Oct 12, 2012
many investors by sticking with a forecast that US livestock farmers will get through 4.15bn bushels of the grain in 2102-13.
The forecast for farmgate corn prices over the season was reduced, but by a modest $0.10 a bushel, to $7.20-8.50 a bushel, from the September estimate, a smaller decline than sustained by futures over the past month.
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For soybeans, production hopes received a twin boost from ideas that the yield had come in better than previously feared, and by a 1.1m-acre up