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. On Friday, the USDA confirmed what everyone suspected: This year’s corn crop is now an “official” disaster. The USDA dropped corn yields to just 123.4 bushels per acre (bpa), down from a pre-drought forecast of 166 bpa just two months ago. 2012-2013 U.S. corn production was cut by 2.2 billion ...
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Contact: Desiree Torres Desiree.Torres@penton.com