USDA FORECASTS RECORD CORN CROP AND STRONG RECOVERY IN CORN USE FOR FUEL ETHANOL

摘要

The US Department of Agriculture (USDA) in its Agricultural Outlook Forum projected for 2013 record US corn and soybean crops on the back of a sharp rebound in yields, after the weak results in drought-hit 2012, which would result in a sharp decline in prices. In addition, gross corn use for fuel ethanol production is to rise sharply in 2013/14 (Oct/Sep).