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Strategies & Market Trends : Value Investing
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To: Sergio H who wrote (48853)7/20/2012 1:41:19 PM
From: Spekulatius  Read Replies (1) of 78753
 
>>Hi Nik. The U.S. planted a record amount of corn this year. It was expected that we would have a record crop but now estimates call for the lowest amount of corn in five years, down just 7% from the initial projection. <<

The 7% revision just seems to be an adjustment relative to the USDA estimates from July 11,which were down 12% already. If you add this up, the US corn production forecast is down ~18% total. I think this is quite substantial.
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