date:Oct 12, 2012
wheat make headway of approaching 2%.
Slow pace of exports
The revisions to the corn crop reflected a small upgrade to the estimate for harvested area, offset by a trim in the yield estimate to 122.0 bushels per acre, rather than the slight increase that analysts had forecast.
On demand, the USDA further reduced estimates for US corn exports, by 100m bushels to a 38-year low of 1.15bn bushels, based on the slow pace of sales to date and strong competition from Brazil.
However, it surprised