Multiple Articles

Low Corn Supply

USDA: Corn, Soybean Stocks Sharply Lower
http://online.wsj.com/article/SB10000872396390443389604578024184224897470.html?KEYWORDS=corn

The U.S. Department of Agriculture said Friday corn, soybean and wheat stocks around the country are lower than they were at this time last year.There were just 988 million bushels of old-crop corn in storage as of Sept. 1, a 12% decline from the same time last year, the USDA said in its Grain Stocks report. That makes it the lowest.

U.S. Corn Harvest Accelerates After Drought; Soy Ratings Decline
http://www.bloomberg.com/news/2012-08-27/u-s-corn-harvest-accelerates-after-drought-soy-ratings-decline.html

"The U.S. corn harvest is proceeding at the fastest pace ever after farmers planted early and the worst drought in generations accelerated crop maturity, the government said. Soybean conditions fell."

About 6 percent of the corn was harvested as of yesterday, compared with 4 percent a week earlier and none a year ago, theU.S. Department of Agriculture said. About 26 percent of the crop was rated mature, up from a revised 16 percent a week earlier, increasing the risks wind and rain will knock ears off stalks or blow plants over. Scott Docherty, the general manager for Monticello, Illinois-based Top Flight Grain Cooperative said the corn crop in central Illinois may be 35 percent smaller than last year. Nationwide, about 22 percent of the crop was in good or excellent condition, down from 23 percent a week earlier and 54 percent a year earlier.