date:Feb 13, 2013
Taken together, the likely pace of corn consumption appears large enough to meet, or perhaps slightly exceed, the USDA projection. For soybeans, all available supplies will be consumed by year-end. USDA projections, however, may understate the demand for soybean oil to meet the likely level of biodiesel production. Old crop corn and soybean demand appears strong enough to provide price support near current levels, with the largest risk of lower prices coming from growing confidence in large US