date:May 11, 2012
expected to push prices down and limit U.S. exports, federal forecasters said.
Corn exports for 2012-13 are projected 200 million bushels higher than in 2011-12 on abundant domestic supplies, lower prices and higher expected China demand, the USDA said in its report. Record foreign corn supplies, however, are expected to limit the increase in U.S. shipments.
The agency said domestic soybean stocks as of Aug. 31 are likely to drop to just 210 million bushels, down 16% from the 250 million bushe