date:Jul 02, 2014
llion bushels at the start of June, larger than the 382 million estimated by analysts in a Bloomberg survey. About 72 percent of the crop was rated in good or excellent condition on June 29, up from 67 percent a year earlier, the USDA said in a separate report yesterday. The U.S. is the worlds biggest grower.
The market is now looking at the conditions of the U.S. crop, which is quite good as well, and started to build in some large expectations for new crop, Paul Deane, an analyst at Australia