USDA decreases corn, wheat forecast

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.

In Friday’s monthly WASDE report, the USDA bumped its estimate for U.S. 2012-2013 corn ending stocks by 5 percent to 632 million bushels, mostly due to a 5.3-percent expected decline in corn exports. High prices for U.S. corn and an anticipated large Brazilian corn crop will cut i

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