John T. Barone, president and commodities analyst for Market Vision Inc.
Friday’s USDA reports caught traders off guard. Expectations for larger corn supplies were dashed when the USDA cut its projected yield for the 2013–2014 U.S. corn crop from 160.4 to 158.8 bushels per acre, reduced the estimated crop size by a half-percent to 13.925 billion bushels, and raised projected corn usage. That said, the crop is still the largest by far on record, besting the previous record crop of 2008–2009 by 6.3 percent. Chicago corn futures, which had traded ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?
Contact: Desiree Torres Desiree.Torres@penton.com