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 will post its first survey-based estimate of this year’s corn crop. Corn yield, which was initially pegged at 166 bushels per acre and cut to 146 last month, will undoubtedly fall much further. Corn futures at $8.10 per bushel have likely factored in about a 130 yield. A number in the ...
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