date:Feb 13, 2013
On 8 February, the USDA released new projections for marketing year consumption of US corn and soybeans. Prices will now be at least partially influenced by how closely the rate of consumption tracks these projections, writes Darrel Good.
For corn, the projection of marketing year exports was reduced by 50 million bushels, to a 41-year low of 900 million bushels. Through the first 23 weeks of the marketing year, export inspections totaled 327 million bushels. The Census Bureau export estimate f