Wednesday, October 28, 2009
U.S. harvest delays throw crop size into question
CHICAGO, Oct 27 (Reuters) - Historic harvest delays are forcing U.S. farmers to harvest soybeans and corn with quality problems and undesirably high moisture levels, and the ultimate impact on production is uncertain, analysts said. "We've never had a concurrent bean and corn problem like
this, with late harvest and wet weather. So the trade really doesn't know how to handle it," said Charlie Sernatinger, analyst with Fortis Clearing Americas. "They don't know all the ramifications of what this kind of weather is going to end up doing to the crop, either the quality or possible bushel losses."
source : Reuters
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