Corn appears headed for bountiful harvest
CHICAGO: After an extremely worrisome start that fanned fears of famine and economic devastation, the most crucial American crop is now on track for a bountiful harvest, the government said Tuesday. The U.S. Department of Agriculture is forecasting the second-highest corn yield on record with production of 12.3 billion bushels, nearly 600 million bushels more than it anticipated earlier in the summer. "We dodged a bullet," said Bill Nelson, a grains analyst for Wachovia.