date:Aug 10, 2012
erials, which increased 2.1 per cent.
The US drought in June was the widest since December 1956 and the past 12 months were the hottest on record, weather data show. While the USDA anticipated a record harvest as recently as June, it cut the domestic corn forecast by 12 per cent on July 11, the most since at least 1990. The estimate will be reduced again when the department reports August 10, according to the average of 29 analyst forecasts compiled by Bloomberg.
The American drought is spread