date:Jan 14, 2013
Giving a little support to commodities was a sharply weaker dollar index and stronger equity indices. Corn is now trading above $7 again, but traders were unwilling to push the market much higher with the big reports being released today.
For corn, the average analyst guess was for ending stocks to be higher by about 20 million bushels, but what we got was a revision lower by 45 million bushels. This revision lower was a result of higher feed usage (up 300 million bushels), lower exports (down