Agriculture Dept. Revises Estimates for Soybean Production Higher - NYTimes.com
The Agriculture Department on Thursday cut its domestic corn production forecast to 10.706 billion bushels, down less than 1 percent from the 10.727 billion estimated in September and down 13 percent from 2011. This represents the lowest corn production in the United States since 2006.As feed costs soar, Zacky Farms files for bankruptcy - latimes.com
Since the dry spell set in this summer, the drought has destroyed more than half the nation's corn crop.