Richard Ha writes:
From www.cnbc.com:
Published: Wednesday, 12 Sep 2012 | 10:49 AM ET
By: Jane Wells
Correspondent
The latest numbers from the USDA firm up the outlook for this year’s corn crop, and the final numbers may not be as bad as some feared.
Despite the worst drought in half a century, the government only slightly reduced total projected production for the year to 10.72 billion bushels. That would be a 13 percent drop from last year and the smallest crop since 2006….