date:Jan 13, 2014
mate of 160.4 bu./acre.
Jack Scoville, PRICE Futures Group vice-president, says the report is certainly helping the corn market.
Bullish corn, the quarterly stocks and the ending stocks projections the opposite direction than all estimates and corn reacting accordingly. It's very likely that we have seen a short term low there. The bigger soybean production went right to demand, as expected. Nothing much there but not bearish, or not yet. Wheat was bearish, no doubt, with reduced feed demand