Growing conditions for corn have improved in August, but July heat stress caused irreversible damage in corn. The USDA Thursday issued a yield estimate for US corn of 153 bushels per acre and 5% below trend. Production would be 12.9 billion bushels and insufficient to avoid a sharp draw-down in stocks from high consumption needs.
Here is the lowdown on July heat. Temperatures averaged 78.4 F and 4.3 F above normal. It was the hottest July since 1955... subscribers continue to full story...