Monday, June 11, 2007

U.S. Corn Surplus Estimate Raised by USDA as Higher Prices Curb Demand

(Bloomberg) -- The U.S. corn surplus will be 5.3
percent bigger than estimated in May after high prices reduced
purchases for feed and ethanol production and slowed overseas
sales, the government said.

Reserve supplies before this year's harvest will rise 5.3
percent to 987 million bushels from 937 million forecast a month
ago, the Agriculture Department said today in a report.


Read more at Bloomberg Commodities News

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