date:Nov 14, 2012
iculture predicted in its monthly report Friday that 704 million bushels of wheat will be available in 2013, compared with 654 million bushels in its October estimate.
Its a running-for-the-exit type day, said Richard Feltes, vice president of research at R.J. OBrien, a broker in Chicago. The last possibility of a bullish surprise on supply was from last Fridays crop report. Thats not only been taken off the table, but that report was bearish.
December corn fell 20.75 cents a bushel to $7.18 a