100-Dollar-Ideas
S&D tables released at 2012 Ag Outlook Forum.
Weekly highlights also note drought easing in Upper Midwest.
Leaves South American corn and soybean crop estimates unchanged.
Says downside risk remains to crop estimates.
Also increased Mexico’s corn import forecast.
Lowers Argentine corn estimate another 2 million metric tons.
This week’s reports removed the focus on tight supplies and sent prices lower. Weather trouble here or abroad could still move prices back up.
In some instances values are higher than in the Midwest.
Rain chances improve for Argentina, but heat dome expected to return.