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Corn Planting Can Catch Up, but Summer Supplies will be Tight

2013-05-13 21:06:00| National Hog Farmer

By Steve Meyer, Paragon Economics, Inc., Adel, IA Last Fridays World Agricultural Supply and Demand Estimates (WASDE) for May from USDA indicate new crop production and 2014 carryout levels are largely in line with pre-report expectations. Only the soybean crop (raised 1.2%) was more than 1% different from the average trade guess. Corn, wheat and soybean carryout stocks (i.e., remaining at the end of the marketing year) for 2014 were all above the midpoints of their respective ranges, but not by enough to have large impacts on prices for now. read more

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