El tamaño de los EE. UU.. El cultivo de maíz influirá fuertemente en el mercado durante los próximos meses.

Por darrel bueno, University of Illinois

El tamaño de los EE. UU.. El cultivo de maíz será el factor de precio más importante en ese mercado durante los próximos meses. El mercado espera una cosecha lo suficientemente grande como para satisfacer las necesidades de consumo sin racionamiento de precios, pero no espera un aumento en el año de marketing en las acciones que finalizan hace un mes. El pronóstico de producción del USDA se lanzará en septiembre. 12 proporcionará proyecciones actualizadas del consumo del año de marketing, ending stocks and average farm price.

At the margin, the size of the inventory of old crop corn on Sept. 1 will also influence the expected balance of supply and consumption during the current marketing year. Consumption of corn during the final quarter of the 2012-13 marketing year may have exceeded the USDA’s projection in the August WASDE report. If so, stocks of old crop corn on Sept. 1 may have been smaller than currently projected. The consumption of corn for ethanol and by-product production for the year just ended was projected at 4.65 billion bushels. The USDA estimates that 3.448 billion bushels were used for that purpose during the first three quarters of the marketing year. That is 9.7 percent less than consumption during the same period a year earlier and is in line with the 9.3 percent reduction in ethanol production reported by the U.S. Energy Information Administration.