date:Jan 08, 2014
at 1.861bn bushels.
That would be an upgrade of 69m bushels.
Furthermore, there remain concerns over Chinese rejection of US corn cargoes containing a genetically modified variety unapproved by Beijing officials.
The trade is expecting more rejections and possibly cancellations until the issue is resolved, CHS Hedging said.
'Water deficit'
Meanwhile, concerns over Argentine dryness appear to have eased off for now, despite talk of some further dryness and high temperatures.
A heat wave in