Source: David Bennett, SOUTH EAST FARM PRESS, 10/15/12
On Thursday (Oct. 11), the USDA’s downward revision of the drought-hit U.S. corn crop (from 10.73 billion bushels to 10.71 billion bushels) was followed by an unsurprising rise in the market price for the commodity, which hit over $7.74 per bushel.
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