date:Jul 08, 2014
utput may fall short of forecasts and rising demand may help keep prices from slipping further.
With reduced planting, the impact of heavy rains earlier this year may keep yields around 159 bushels an acre, below the USDA estimate, Bennett Meier, an analyst at Morgan Stanley in New York, said in a report.
Some fields in the Midwest received three times the normal rain in June, which was headed for the wettest on record since 1895, according to T-Storm Weather LLC in Chicago.
Rains probably ha