date:Sep 05, 2012
t could remain near the $8 level until there is fresh news on the U.S. crop, which is in the early stages of harvest.
Corn demand already has started to weaken amid the historically high prices, particularly in exports. Weekly corn-export inspections released Tuesday were horrible, Charlie Sernatinger, vice president of sales for ABN Amro, said in a report. That helped push corn down from its early highs Tuesday, he said.
Declining expectations for this year's corn crop may be starting to bottom