Source: Casey Chumrau U.S. Wheat Associates Market Analyst, SOUTH EAST FARM PRESS, 12/21/12
In its World Agricultural Supply and Demand Estimates (WASDE) released Dec. 13, the U.S. Department of Agriculture (USDA) surprised many analysts by lowering the 2012/13 U.S. wheat export forecast from 29.9 million metric tons (MMT) to 28.6 MMT, equal to 2011/12 exports.
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