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June 2013 WASDE: New-Crop Corn Decreased, New-Crop Soybeans Unchanged

2013-06-13 20:59:00| Corn & Soybean Digest

Source: Farmgate blog The USDAs June supply-demand report decreased the expected size of the 2013 corn crop, but using a reduced national yield estimate, not the expected reduction in acreage. USDA statisticians are not yet ready to quantify barren corn acres just yet, and may wait until the June 28 planted acreage report. Nevertheless, the lower production did not impress the traders and new-crop corn contracts reflected the disappointment of the market. read more

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