date:Aug 21, 2013
Corn prices at this time of year are typically dominated by yield prospects of the US crop with those prospects pretty well settled. This year, there is considerable uncertainty about US production prospects as well as changing indications of corn consumption.
Production uncertainty stems from both acreage and yield considerations. For acreage, the USDA's National Agricultural Statistics Service (NASS) currently estimates planted acreage at 97.379 million acres. The Farm Service Agency report o