In this weekly Commodities Watch column, John T. Barone, president and commodities analyst for Market Vision Inc., offers a snapshot of the state of commodities for restaurants. Last week’s USDA WASDE report was bullish for grain prices. Corn yields were again lower, at 122.0 bushels per acre, down from 122.8 bpa last month. The USDA slashed corn supplies by 16.3 percent to just 988 million bushels to begin the 2012-2013 crop year. Corn futures, which had declined to $7.36 ...
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