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

Register to view the full article

Register to view this article

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