Heavy snow in parts of the Midwest could cause as much as 100 million bushels of corn to be lost. The according to analysts interviewed by Reuters.
Citigroup analyst Terry Reilly says the crop could be down 100 million bushels from the current USDA estimate because of the combination of problems related to the late harvest and the winter storms. Joe Victor with the research and consulting firm Allendale figures, of the 620 million bushels left in the field, about ten percent—or 60 million bushels—could be lost.