University News
UIUC Weekly Outlook: A Review of USDA’s 2013-14 Projections for Corn and Soybeans
The USDA’s Interagency Commodity Estimates Committees prepared projections for the 2013-14 U.S. marketing year for corn and soybeans, as well as other crops, at the USDA’s 2013 Agricultural Outlook Forum on Feb. 22. Under the assumption of normal spring and summer weather conditions, the projections for both crops reflect expectations of much larger U.S. production, increased consumption, larger year-ending stocks, and lower prices than experienced during the current marketing year.
“The...
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