Corn for grain production is estimated at 12.4 billion bushels, down 1 percent from the Nov. 1 forecast and 5 percent below the record high production of 13.1 billion bushels set in 2009.
Tomorrow is the big day, the Jan. 12 Crop Production and World Agricultural Supply and Demand Estimates reports. Here’s what you need to know before the reports are released.
The 44th annual World Ag Expo 2011 will take place Feb. 8 to 10 at the International Agri-Center in Tulare, Calif., with 1,600 exhibitors on 2.6 million sq. ft. of show grounds.
The time may be right for wheat to come to life. For many months, wheat stocks have been viewed as excessive. When any commodity with negative fundamentals can post and hold a near 50% rally, it gets my attention, as it should yours.