Veličina SAD -a. Kukuruzni usjev će na sljedećih nekoliko mjeseci snažno utjecati na tržište.

Darrel Good, University of Illinois

Veličina SAD -a. Kukuruzni usjev bit će najvažniji faktor cijena na tom tržištu u sljedećih nekoliko mjeseci. Tržište očekuje da je usjev dovoljno velik da zadovoljava potrebe za potrošnjom bez ratiranja cijena, ali ne očekuje se kao veliko povećanje marketinške godine koji završava zalihe kako je predviđeno prije mjesec dana. Prognoza za proizvodnju USDA -e bit će objavljena u rujnu. 12 osigurat će ažurirane projekcije potrošnje marketinške godine, 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.