The findings, published this week in the journal Nature Climate Change, show that severely hot conditions in corn-growing regions and extreme climate events that are expected to impact supply would cause swings in corn prices...
Prices should find support around 84 to 85 cents if the current 88-cent level fails to hold.
Under poor U.S. growing conditions or other bullish price factors, prices back in the 90s are not out of the question.
Additional price weakness has been attributed to weakness in the financial markets associated with a slowdown in the Chinese economy and concerns about the Spanish debt as well as prospects for increased corn acreage in China.
National Grain and Feed Association (NGFA) issues preliminary recommendations for safeguarding sanctity of customer funds in the aftermath of the MF Global bankruptcy.
NGFA: "first steps that can and should be implemented quickly."
The WASDE report issued today was largely unchanged on the corn and feed grain side and was generally viewed as neutral, but on the soybean side, supply estimates were reduced and U.S. exports increased to help make up for smaller South American...