date:Jan 14, 2013
200 million bushels), and higher overall production by 55 million bushels.
The amount of the feed and export demand revisions took the market by surprise. Ethanol and export demand will still have to be monitored as both are suspect for revisions lower in subsequent reports. Corn had another lackluster week of export sales with only of 12,600 MT for marketing year 12/13.
For soybeans, the average analyst guess was for ending stocks to increase by a meager 3 million bushels and what we got wa