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US Corn Conditions Suffer Sharpest Deterioration In Three Years, Fueling Food Inflation Fear

US Corn Conditions Suffer Sharpest Deterioration In Three Years, Fueling Food Inflation Fear Less than a week after we reported that an options whale placed a $20 million bet on corn futures, a new U.S. crop report revealed the sharpest weekly deterioration in conditions in three years. Bloomberg cites a new USDA report that rated 63% of the U.S. crop as good or excellent, down 4 percentage points from the previous week and below consensus estimates. The decline was due to heat and dryness battering some of the nation's top...
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