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.
Friday’s USDA WASDE report was mildly bearish for grain prices. Corn yields were raised slightly, from 122.0 to 122.3 bushels per acre (bpa). Total corn production is forecast at 10.7B bushels, up slightly from the October report but still down 13 percent from 2011. Corn futures finished the week down modestly at $7.38....More