USDA Reports Provide Some Price Direction
US - On 11 January, the USDA released a series of reports that provide important fundamental information for the crop markets. The information included the final estimate of the size of the 2012 US corn and soybean crops, estimates of 1 December crop inventories, a winter wheat seedings estimate, and updated US and world supply and consumption forecasts for the current marketing year, writes Darrel Good.