Commodities: Page 38

Commodities

January 2011 estimates for US corn, soy harvest revised

U.S. feed grain supply estimates for 2010-2011 were revised according to data in the December 2010 World Agriculture Supply and Demand Estimates Report 490-2, released on January 12, 2011. Corn production is approximately 90 million bushels lower than the previous estimate based on a combination of a reduction in yield and a slight increase in harvested area.

Commodities

US farm prices for corn, soybeans increase

The U.S. Department of Agriculture WASDE report for Dec. 10 is little changed from the previous estimates in November. Imports of corn increased by 5 million bushels and exports declined by a similar quantity. The publication of the report has had little impact on the CBT quotations for corn.