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Midwest Awaits Bumper Corn Crop
Ideal growing weather wipes out flood fears
By Rob Quinn
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Posted Aug 13, 08 8:19 AM CDT
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(Newser)
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America's farmers are on track to deliver the second-biggest corn harvest ever despite June floods, according to the Department of Agriculture. Shortages were predicted after severe flooding swamped fields, but the Midwest has had ideal corn-growing weather since, the New York Times reports. A healthy soybean crop is also expected.
“We dodged a bullet,” said a grains analyst. Corn futures have fallen back from the record-breaking levels that many had feared could ruin livestock producers. Farmers are not counting their grain before it's harvested, however. Some say government figures are on the optimistic side and warn that an early frost could still hit yields hard.