"Yield Loss Eyed As Snow Covers U.S. Corn Crop"

"CHICAGO -- As much as 100 million bushels of U.S. corn could be lost after heavy snowstorms in recent days likely delayed until spring the final stages of an already historically slow harvest, analysts and meteorologists said on Monday.

The harvest delays helped to push up corn futures more than 1 percent to a six-month high on Monday at the Chicago Board of Trade.

'There are 620 million bushels left in the field and we could lose 10 percent of that,' said Joe Victor, analyst for Illinois-based research and consulting firm Allendale Inc."

Michael Hirtzer reports for Reuters December 29, 2009.

Wednesday, December 30, 2009