date:Jun 29, 2012
to clients.
The government reports come during a week when corn and soybean prices have jumped on expectations that the drought conditions in much of the Midwest will stress crops. December corn futures have risen 14.3% this week, as that crop is entering its delicate pollination phase.
Deferred futures for either corn or soybeans could fall if the USDA estimates planted acreage significantly above analyst estimates, especially if weather forecasts also shift to suggest more rain is possible,