7Aug

Drought seen slashing U.S. corn crop to 5-year low

By , August 7th, 2012 | Market News | 0 Comments

The worst drought in more than half a century has analysts expecting the smallest U.S. corn crop in five years, which will translate to smallest ending stocks next summer in 17 years, a Reuters poll of 21 analysts showed on Monday.

If accurate that supply forecast would result in the third year in a row of razor thin corn stocks. That would keep prices near record highs and ration demand for the world’s most popular livestock feed grain, analysts said.

Continue Reading at CME Group

— CMEGroup

Back to top