The USDA might cut its outlook for corn inventories on Wednesday due to the worst drought since...


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.

From other sites
Comments (4)
  • Michael Eisenberg
    , contributor
    Comments (284) | Send Message
     
    Just give em more government subsidies...
    9 Jul 2012, 05:45 AM Reply Like
  • Paulo Santos
    , contributor
    Comments (34781) | Send Message
     
    Significant production growth both in corn and wheat hardly seems consistent with the rally,now that the heat is mostly gone and there's some rain coming.
    11 Jul 2012, 08:50 AM Reply Like
  • yellowhoard
    , contributor
    Comments (1500) | Send Message
     
    Unless the entire Midwest gets a long steady soaking rain TODAY this crop is screwed. A spot thunderstorm here and there is meaningless.
    11 Jul 2012, 09:04 AM Reply Like
  • Paulo Santos
    , contributor
    Comments (34781) | Send Message
     
    I bet that if it got a long steady soaking rain, people would be freaking out about how these rains were destroying the crops ... eheh.
    11 Jul 2012, 09:06 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs