date:May 17, 2016
corn so the worry level has receded, said Tobin Gorey, director of agricultural strategy at Commonwealth Bank of Australia.
A lack of rain has hit Brazils corn production, while wet weather forced U.S. farmers earlier this month to delay planting that has otherwise been running ahead of the average pace.
Dealers said overall corn supplies remain ample with stocks set to be around record high levels at the end of the current 2015/16 season.
Corn prices remain dominated by physical surpluses in