NEWS
Newsom on the Market
Darin Newsom DTN Senior Analyst
Thu Jun 13, 2013 09:01 AM CDT

Going into the June round of crop production and supply and demand reports, few were expecting USDA to tip its hand in regard to long-term thoughts over reduced production potential due to rain and flooding over the Midwest during May. And, true to form, USDA didn't disappoint, leaving open the potential for acreage revisions in its June 28 release.

Domestic corn ending stocks projections increased for both old crop and new crop. In old crop, the bottom line was upped by 10 million bushels from May to 769 mb in June. Total supply was increased by 25 mb due to ...

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