date:Aug 10, 2012
n the whole agricultural sector of the economy. Declining corn inventories place upward pressure on soybean and wheat prices, hurt exports and affect the price of ethanol futures.
When corn sneezes, other crops catch a cold, said Bill Lapp, president of Advanced Economic Systems of Omaha.
The marketplace was prepared for a bumper corn crop given the most corn planted since 1937 before the worst drought in decades dashed those hopes. The Aug. 10 Crop Production report from the U.S.D.A. will hel