date:Feb 06, 2013
However, in recent times the market has become very much tighter and for the first time in 17 year the global demand for maize has gone down, Jack Watts, senior analyst with the AHDB/HGCA told the Grain Market Outlook conference in London.
He said that the USDA has cut its yield and production estimates so that the projected bushels per hectare have come down from 166 in June to 122.8 in September and 122 in October for the current year.
The USDA estimates show a reduction in production from J