Tuesday, July 02, 2013

Global CO2-induced crop failure update: Record US and global corn crops expected this year

Expected record corn crop pushes prices to longest slump in 4 months - The Daily-Journal
CHICAGO — Corn fell for a sixth session, the longest slump since February, as warm Midwest weather bolstered prospects for a record crop in the U.S., the world's largest exporter. Wheat and soybeans also slid.

Yields may average 156 bushels of corn an acre this year, the third-highest ever, lifting output to a record 13.62 billion bushels
The USDA estimates global output will climb to a record 962.6 million metric tons in the 2013-2014 crop year, up from 855.7 million a year earlier.

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