date:Oct 22, 2012
is concerned, Strategie Grains based out of France made revisions to their anticipated European Union corn and soft wheat crops. EU corn was revised lower by 900,000 MT to 52.8 million MT, which is down 20% from last year. The wheat crop was trimmed 700,000 MT to 123 million MT, which is off 4% from 2011. With continued cuts to world production of both corn and wheat and the dollar index at relatively weak levels of late, we could see a pickup of US exports in the coming weeks.
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