F.O. Licht's Grains Production Update: Feed use of corn dips in uncertain marketThis article was originally published in The Public Ledger
There were changes for the 2012/13 cereals supply and demand sides (Jul/Jun for all crops). The result of some Southern Hemisphere harvests is not yet fully clear. On the demand side, the main changes refer to a lower than expected growth in corn demand for feed, which means a higher than expected demand rationing. In addition, the picture for 2013/14 becomes more challenging because of the latest corn planting data from the US.