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 proved bearish for corn prices. The USDA left U.S. corn balance sheets unchanged, but lowered the 2012-2013 price forecast from $7.60 to $7.40 per bushel. The stocks-to-use ratio remains very tight, at 5.8 percent.
Most analysts expected (and still expect