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  • Floods may push corn inventories to historical low ( analysts warn of $10 corn )

    06/27/2008 11:29:21 AM PDT · by Ernest_at_the_Beach · 69 replies · 165+ views
    MarketWatch ^ | June 27, 2008 12:15 p.m. EDT | Moming Zhou, MarketWatch
    USDA to report acreage; analysts warn of $10 corn and possible supply crisisSAN FRANCISCO (MarketWatch) -- Recent Midwest flooding may have damaged millions of acres of corn crops, analysts expect the U.S. Department of Agriculture to say in its crop acreage report slated for release Monday. The loss of acreage could slash U.S. corn production and push the 2009 season's year-end stocks to the lowest level since just after World War II, analysts said. And the real damage is likely to be even worse than what Monday's 8:30 a.m. EDT report will show, as it's still too early to evaluate...