NEWS
Fundamentally Speaking
Mon Nov 18, 2013 10:52 AM CST

The latest U.S. corn supply-demand report showed less of an increase in estimated 2013-14 ending stocks than had been anticipated.

Part of this as noted in an earlier piece was a 1.90 million bushels acre reduction in planted area from the August to the November crop production reports, the largest decline ever recorded between these two months.

Second are some rather optimistic demand projections by the USDA where total demand is pegged 16.6% greater than the prior year, the third highest year-to-year increase ever and the largest since 1994.

Of note is the forecasted ...

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