Increases to U.S. corn acres, both planted and harvested, led to higher production and, thus, lower price forecasts in the U.S. Department of Agriculture's “Crop Production” and “World Agriculture Supply & Demand Estimates” reports released July 12. Despite a 30 million bu. overall increase in demand, corn price forecasts for the 2016-17 crop year fell 10 cents to $3.40/bu.
USDA projected a 100 million bu. increase in corn exports to 2.05 billion bu. If realized, this would be
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