Monday, August 19, 2013

CO2-induced crop failure update: "World [corn] output will surge 11 percent to a record 957.15 million tons, exceeding demand by 27.06 million tons, the biggest surplus in 17 years"

Corn-Crop Cuts Seen Premature as Goldman Predicts Record - Bloomberg
World output will surge 11 percent to a record 957.15 million tons, exceeding demand by 27.06 million tons, the biggest surplus in 17 years, USDA data show. Inventories before next year’s harvest will jump 22 percent to a 13-year high of 150.17 million.

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