The US Agriculture Department's World Agricultural Supply and Demand Estimates released Thursday places corn used for ethanol production at 3.7 billion bushels, down 300 million bushels from the November estimate.
The December WASDE report also showed a 100- million bushel drop in exports from November, to 1.8 billion bushels. The drop in corn exports is more on target due to the weakening global economy.
USDA forecasts the average farm price for corn at $3.65 to $4.35 per bushel in the December report, down from $4.00 to $4.80 in the November report.
The December WASDE report also showed a 100- million bushel drop in exports from November, to 1.8 billion bushels. The drop in corn exports is more on target due to the weakening global economy.
USDA forecasts the average farm price for corn at $3.65 to $4.35 per bushel in the December report, down from $4.00 to $4.80 in the November report.
No comments:
Post a Comment