March 2013 USDA World Agriculture Supply and Demand Estimates
March 13 USDA World Agriculture Supply and Demand Estimates
- ’11/’12 Corn
- No changes.
- ’12/’13 Corn
- Exports were reduced by 75 million bushels to the lowest level in 40 years.
- Ending stocks were projected at 632 million bushels or 20.5 days of use which was near private estimates.
- ’11/’12 Soybeans
- No changes.
- ’12/’13 Soybeans
- No changes.
- Ending stocks remain very tight at 125 million bushels or 14.8 days of use.
- Other Markets
- Total US meat production estimates for 2013 were revised higher led by higher finish weights in beef and greater numbers in poultry. Pork exports were estimated lower on softness in early demand.