Pork Commentary: Crop Wildcard
CANADA - A USDA report last Friday estimated the US corn crop at a record 14.14 billion bushels for this crop year. A yield of 158 bushels per acre and an estimated 97.3 million planted. Planting delays in the Corn Belt continue due to wet weather (What happened to the drought?). When the “dust“ settled Friday on the futures, December Corn was down 12¢ to $5.29/bushel (near life of contract lows).
14 May 2013
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