The drought has now affected most of the nation’s corn crop with only 23% of the corn crop in good to excellent condition. This number could continue downward as the dry weather persists. Any rains from this point forward will offer little benefit to this year’s corn crop.This morning, the USDA significantly reduced its yields estimates for corn to 123.4 bushels per acre in its’ August WASDE report reflecting lower yields, lower harvested acreage, and lower ending stocks.
Rentech Nitrogen Partners' CEO Discusses Q2 2012 Results - Earnings Call Transcript
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