date:Aug 10, 2012
p give a clearer picture of how much damage the corn crop has sustained thus far.
Paul Meyers, vice-president of Commodity Analysis at Foresight Commodity Services, predicted the U.S.D.A. may eventually work its average corn yield estimate down below 120 bus an acre, similar to some other private forecasts. Mr. Meyers said such yields would represent a 29% decline in the size of the crop compared with early 2012 forecasts. The U.S.D.A.s most recent estimate was 146 bus per acre, but this was exp