Market Vectors Coal ETF (KOL)

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U.S. Corn Reserves on June 1 Drop to the Lowest Since 1997

By Jeff Wilson - Jun 28, 2013 9:00 AM PT


"Corn supplies on June 1 in the U.S., the biggest producer, fell 12 percent to 2.76 billion bushels, the lowest since 1997 after the worst drought in more than 70 years cut production to a six-year low in 2012, the government said.
Inventories fell from 3.15 billion bushels (80.01 million metric tons) held in farmer and commercial grain bins a year earlier, the U.S. Department of Agriculture said today. The average estimate of 30 analysts surveyed by Bloomberg was 2.862 billion. Usage from March through May was 2.64 billion bushels compared with 2.88 billion during the same period a year earlier."

http://www.bloomberg.com/news/2013-06-28/u-s-corn-reserves-on-june-1-drop-to-the-lowest-since-1997.html