Podcast: Dr. Darrel Good, University of Illinois, Analyzes the USDA January 2013 Supply-Demand Report
Date Posted: January 11, 2013
Projected corn use for 2012/13 is raised with higher expected feed and residual disappearance more than offsetting reduced prospects for exports. Corn exports are projected 200 million bushels lower reflecting the slow pace of sales and shipments to date and increasing pressure from larger supplies and exports for South America.
Soybean production is estimated at 3.015 billion bushels, up 44 million bushels based on increased yields and harvested area. The soybean yield is estimated at 39.6 bushels per acre, up 0.3 bushels from the previous estimate. Soybean crush is raised 35 million bushels to 1.605 billion bushels reflecting higher projected domestic soybean meal consumption and increased soybean meal exports.
This USDA report is analyzed by Dr. Darrel Good, University of Illinois. (217-333-4716)