Release Date: July 18, 2012
U.S. corn production estimates have dropped another 6.9 percent since the U.S. Department of Agriculture's most recent predictions, to 12.077 billion bushels — the smallest in five years — due to theworst drought the Midwest has seen since 1956, according to analysts. Estimated yield has lowered another 6 percent, to 137.2 bushels per acre, down from the USDA's forecast of 146 bushels. Click here to read the full story.
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