10/05/13
-- The USDA also today had a first peek into crop production around the world for the 2013/14 season. They were predictably bullish on prospects for bumper crops, seeing more records than a HMV fire sale.
For wheat they are predicting a record world crop of 701 MMT, up 7% from output versus 2012.
For corn they are also predicting record world production of 966 MMT, a rise of 12.7%
Friday, 10 May 2013
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