date:Jan 16, 2013
tion has declined about 10 per cent year-over-year and because exports have been almost non-existent. Exports during the first quarter of the 2012-13 marketing year were at a 41-year low of 220 million bushels.
For the year, the USDA now projects exports at a 43-year low of 950 million bushels. Year-ending stocks of corn are projected at a 17-year low of 602 million bushels and the marketing year average farm price is expected to be record high, in a range of $6.80 to $8.00 per bushel. Based on