NEWS
USDA Reports Summary
Katie Micik DTN Markets Editor
Wed Jun 12, 2013 11:10 AM CDT

WASHINGTON (DTN) -- USDA trimmed U.S. corn production estimates by 135 million bushels to 14.005 billion bushels. It reduced the average yield to 156.5 bushels per acre but made no revisions to planted acreage.

USDA left domestic soybean production estimates unchanged from May, but increased its winter wheat production estimates by 2% from last month.

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CORN

USDA made numerous adjustments to the corn supply and demand balance sheet. It lowered yield by 1.5 bpa, citing delayed planting in the Western Corn Belt that "raised the likelihood ...

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