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Markets Next Marketing Year Likely to Redefine Meaning of 'Inelastic Demand'

机译:下一个市场年度的市场可能重新定义“弹性需求”的含义

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摘要

July temperatures across the U.S. were the hottest ever, eclipsing the previous all-time highs for July set back in 1936. That heat was the "coup d'etat" for U.S. corn and soybeans as the drought of 2012 got worse instead of better as the summer woreon. The result was unprecedented yield reductions for corn and soybeans in the July and August USDA estimates. The August 10th USDA production estimates slashed corn production a whopping 2.2 billion bushels and soybean production by an equally startling358 million bushels. The projected corn yield of 123.4 bushels per acre will be the smallest since 1995. Corn ending supplies are projected to be 650 million bushels, the smallest in many years and the equivalent of "bin bottoms." Soybean ending supplies are also forecast to be at "bin bottom" levels of just 115 million bushels.
机译:美国7月的温度是有史以来最热的,超过了1936年7月创下的历史最高记录。这一热量是美国玉米和大豆的“妙招”,因为2012年的干旱恶化而不是恶化。夏季狂欢。结果是美国农业部7月和8月的估计值使玉米和大豆的单产下降了前所未有的幅度。美国农业部8月10日的产量估算将玉米产量削减了22亿蒲式耳,大豆产量削减了惊人的3.58亿蒲式耳。预计玉米单产为每英亩123.4蒲式耳,这将是1995年以来的最低水平。玉米期末供应量预计为6.5亿蒲式耳,这是多年来的最低水平,相当于“箱底”。预计大豆期末供应量也只有1.15亿蒲式耳的“底价”水平。

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  • 来源
    《Sunflower》 |2012年第4期|共1页
  • 作者

    Mike Krueger;

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  • 正文语种 eng
  • 中图分类 园艺;
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