The US agricultural sector will be happy to see the end of the 2012 calendar year: Thecombined production growth of the country''s major grains and animal products is expected to be the worst in two decades. We are somewhat optimistic for the 2013 season, as we anticipate a strong rebound in corn and soybean production. We also forecast growth in the poultry sector due to moderating corn prices. We are particularly bullish cotton due to a higher area planted. We expect the beef sector to be the laggard in the livestock complex, and see strong downside risks to the 2013/14 US wheat crop. Given that we forecast generally stable consumption growth, we expect the US to remain the world&#...
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