date:Jul 28, 2012
Corn for September delivery at the Chicago Board of Trade was recently up 12 1/2 cents, or 1.6%, to $7.93 3/4 a bushel, while December corn was up 10 1/4 cents to $7.86 1/2.
Although a wetter pattern has started to emerge in parts of the U.S. corn belt, traders say that significant damage to the crop is already done, and add that above-average temperatures are expected next week.
Traders are still nervous over the 'what ifs' in this market, and want risk premium in place, which is giving us sup