date:May 11, 2012
those concerns, and many analysts were waiting to see if the USDA would raise its corn export forecast--which it didn't.
Lower prices, which this report will generate, will likely lead to even more exports, said Jason Ward, an analyst with Northstar Commodity in Minneapolis.
Domestic corn ending stocks are likely to more than double to 1.881 billion bushels by the end of the 2012-13 marketing year, the USDA said.
The expected increased production in the U.S., as well as around the world, is