date:Jul 23, 2013
the 2012/13 year are unchanged in July at $6.75-$7.15 per bushel, USDA says in the July 17 outlook. For the 2013/14 year, corn price forecasts were also unchanged from last month at $4.40-$5.20 per bushel. The production forecast for the 2013 corn crop was lowered based on lower expected harvested acreage. However, slightly higher imports and reduced feed and residual use maintained prices.
The soybean meal price forecast remains at $290-$330 per ton where it was in June. According to the most