Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 11/14/16


The USDA World Agricultural Supply and Demand Estimates released on November 9 reported a significant increase in corn yield for the 2016/17 marketing year. The yield increase is placing downward pressure on corn prices due to the supply concerns associated with the projected historic production in the United States. A closer consideration of corn consumption prospects for the marketing year can help clarify the uses for this crop.

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