date:Jul 03, 2012
water-holding capacity, should also experience less yield loss.
Places that have seen little rain, have claypan soils or have compacted soils will experience large yield losses if rain doesnt come soon. A heavy yield hit in the Corn Belt could send ripples through the futures market.
The Chicago futures market will start calling around to the states to see what the weather is like, Wiebold said. Its really important and it can drive the market price that farmers will receive.
Less corn produc