Commodities Corner: Corn prices to drop

Commodities Corner: Corn prices to drop

USDA projects lower costs for the crop in 2013

In its first look at the 2012-2013 corn crop, the U.S. Department of Agriculture projected next year’s crop at a record-large 14.27 billion bushels — up 15.5 percent from 2011-2012. Corn ending stocks will double to 1.6 billion bushels. Most important, the USDA forecast next season’s average corn price to drop from $6.20 in 2011-2012 to just $5 per bushel for 2012-2013. In the meantime, corn supplies will remain tight — and prices are expected to remain high —

All access premium subscription

Why Upgrade your account?


NRN is your one-stop source for foodservice news and business intelligence. Upgrade today and get unlimited online access to all breaking news, in-depth analysis, data and tools. This includes digital versions of NRN flagship reports (Consumer Picks, Top 200) as well as Same Store Sales Data Tables, Quarterly Industry Snapshots and more.


Questions about your account or how to access content?
Contact: Desiree Torres [email protected]

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish