US Slashes Corn Production Forecast As Drought Raises Crisis Fears -- The GuardianSevere drought affecting midwest adds to fears of global food crisis and sends some commodity prices to record levels.
The US government slashed its forecast for drought-hit corn production by 17% on Friday, raising fears of a new global food crisis and sending some commodity prices to record levels.
The US department of agriculture said corn output would only reach 10.8bn bushels for 2012-13, while yields were likely to be 123.4 bushels per acre – the lowest return for 17 years.
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More News On Fears Of A New Global Food Crisis
U.S. drought, food prices fan fears of new crisis -- Reuters
Global Food Reserves Falling as Drought Wilts Crops -- Bloomberg
Food crisis fears mount as corn price hits record high -- The Telegraph
Grain prices soar as drought impact deepens -- NBC
Citing Drought, U.S. Expects Lowest Corn Yield in 17 Years -- New York Times
Massive US Drought Leads to Worst Fears for Corn Crop -- CNBC
Drought cuts production of major US crops: USDA -- AFP
US corn price forecast to rise sharply -- BBC
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