ARLINGTON, Va. (DTN) -- In citing projected crop production for 2013, USDA Chief Economist Joseph Glauber on Thursday gave a rosy outlook for a production rebound that was coupled with a bearish outlook on prices.
Despite persistent drought conditions in the western half of the Corn Belt, USDA projects corn, soybean and wheat production to rebound from 2012 levels. Glauber cited improved conditions in the eastern portion of the major crop-producing states as a positive sign.
"At this point in time, there's no reason to believe we can't have a normal yield," Glauber said.
Glauber added there is also very ...