date:Aug 10, 2012
But, more likely price targets in the near term are closer to $9.49 to $11.00/bushel for corn and around $19.95/bushel for soybeans, said Terry Roggensack, founding principal of The Hightower Report, on Thursday afternoon in a discussion ahead of this month's USDA Crop Production and Grain Stocks reports, slated for release at 7:30 AM Central Time on Friday morning. Those price points are based on yield estimates of 127 and 37 bushels/acre for the corn and soybean crops, respectively, and what t