U-S-D-A released their year-end crop report today. USDA Chief Economist Joe Glauber says there was an 11% increase in crops planted with the most significant in major crops like corn and soybeans
U-S-D-A released their year-end crop report today. USDA Chief Economist Joe Glauber says there was an 11% increase in crops planted with the most significant in major crops like corn and soybeans.
Joe Glauber, USDA Chief Economist; "a lower base."
In corn production alone there was more than a 25% drop in what was expected prior to dry conditions in production areas. Corn had lower export numbers and lower global ending stocks.
U-S-D-A released their year-end crop report today. USDA Chief Economist Joe Glauber says corn ending stocks were one of the many surprises in 2012.
Glauber; "previous crop year."
Glauber says there was lower wheat ending stock numbers which points to more feed use. Corn had lower export numbers and lower global ending stocks.
