date:Nov 07, 2012
exports will be restricted to some extent this year due to the smaller supply. The USDA forecast exports at 1.05 billion bUShels in September when the crop was expected to total only 2.634 billion bUShels.
The export forecast was raised to 1.265 billion bUShels last month when the production forecast was increased to 2.86 billion bUShels. The latest forecast is 95 million bUShels less than last years exports and 236 million less than exported during the 2010-11 marketing year.
Through the fi