Hopes a bumper corn crop in Argentina could ease tight global supplies are dashed as rain...

|By:, SA News Editor

Hopes a bumper corn crop in Argentina could ease tight global supplies are dashed as rain arrives too late to help the 80% of the crop that is past the pollination stage. The USDA's slashed production estimate of 26M tonnes is looking optimistic, with some forecasters calling for just 17M. Even a crop of 20M would leave world ending stocks frightfully low. CORN -1.6% YTD.