Morning markets: grains ease awaiting next slug of US data

Agrimoney (Feb. 24, 2012) | The first day of the US Department of Agriculture’s annual outlook conference delivered mainly bearish news to investors, coming in with sizeable estimates for US sowings of major crops, signalling expectations of higher supplies in the offing, potentially worldwide. As USDA chief economist Joseph Glauber said, “the high prices that we saw last year have prompted a global production response for most commodities”.