date:Aug 20, 2013
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Still, the impact of the dryness is expected to be minimal relative to the widespread 2012 drought, which occurred much earlier in the season.
The U.S.D.A. on Aug. 12 forecast a record large corn crop of 13,763 million bus and the third largest soybean crop of 3,255 million bus. The late-season dryness may trim those estimates slightly, but a record corn crop still is expected.
Despite the large crop forecasts, some soybean futures contracts were up more than 5% and corn futures were up a