Dive Summary:
- Based on the USDA's November World Agriculture Supply and Demand Estimates, the current slump in corn and wheat prices will all but be erased as 2013 rolls around.
- The droughts effecting both the United States and Russia have caused supply rationing, a measure that usually coincides with price increases.
- This new report will have heavy implications on consumer products as both wheat and corn are present in a vast majority of the items on store shelves.
From the article:
Wheat and corn prices have eased over the fourth quarter but will spike again at the beginning of 2013 as impacts from demand rationing take hold, Rabobank says.
