The USDA might cut its outlook for corn inventories on Wednesday due to the worst drought since 1988 and record global demand. Economists forecast stockpiles on Sept. 1, 2013, at 1.22B bushels, 35% below the USDA's prediction in June. However, 2012 production is still expected to rise 9.7% after farmers sowed the most acres since 1937, while the slowing global economy could halt the rally in prices.
The USDA might cut its outlook for corn inventories on Wednesday due to the worst drought since...
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