Exports of Corn, Soy, Are the Big Story
Exports appear to be the biggest market mover recently. The USDA/WASDE increased projected 2013-'14 U.S. corn exports by 150 million bushels in the Feb. 10 supply/demand update. The projected increase was due to strong U.S. corn export sales to date, increased global consumption, and lower competition for U.S. corn exports in the world market.