date:Aug 02, 2013
, up from 5.58 the week prior. Ethanol margins remain exceptional in IA which is helping to keep production going and this is supportive to the cash market.
A private crop forecaster estimated that the US corn crop will hit 14 billion bushels, up from their prior forecast of 13.65 billion and against the USDA estimate of 13.95.
The average yield was estimated at 158.5 bushels per acre vs. the USDA forecast of 156.5. Many see a yield increase coming on the August 12th USDA report given the favo