The USDA has released its July World Agricultural Supply and Demand Estimates.
Projected 2013/14 U.S. feed grain supplies are lowered this month with
reduced beginning stocks for corn and sorghum and lower forecast harvested areas for corn and
sorghum. Corn beginning stocks for 2013/14 are projected 40 million
Projected U.S. wheat supplies for 2013/14 are raised slightly this month with lower
beginning stocks more than offset by higher production.