Hinterland Green

Wednesday, December 30, 2009

U.S. Corn Yield Loss Could be as High as 100 Million Bushels Due to Heavy Snowstorms

CHICAGO (Reuters) - As much as 100 million bushels of U.S. corn could be lost after heavy snowstorms in recent days likely delayed until spring the final stages of an already historically slow harvest, analysts and meteorologists said on Monday. The harvest delays helped to push up corn futures more than 1 percent to a six-month high on Monday at the Chicago Board of Trade. The U.S. Agriculture Department last week in its final harvest update of the year said five percent of the corn crop was still in the fields. And after much of the U.S. Midwest and Plains regions were pounded by heavy winter storms in past several days, it's likely to stay there until next year.

Article continues:  http://www.reuters.com/article/idUSTRE5BR2T520091228
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