date:Jul 31, 2012
pected to rise, drought conditions there have forced estimates for maize and soy bean down. The US maize crop is expected to fall by 50 million tonnes to 300 million tonnes and soy bean by 8.3 million tonnes to 79 million tonnes.
The total global grain harvest is now expected to be down to 1,810 million tonnes.
All this weather driven volatility on the grain and oilseeds crop forecasts has had the effect of driving price up.
Maize and soy bean prices soared to new highs because the US has exp