Tuesday, October 18, 2011

Weekly Outlook - Corn and Soybean Consumption

Darrel Good
Agricultural Economist
University of Illinois
With the USDA’s October Crop Production report, corn and soybean supply forecasts for the 2011-12 marketing year are likely close to the final estimates.  Prices will be primarily influenced by the current rate of consumption and expectations about consumption during the remainder of the marketing year.  The actual rate of consumption will be revealed sporadically, and in some cases, slowly.  Expectations about future consumption will likely vary widely.....<Read More>