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Hot weather may wipe out investors' bets on record US corn crop

Tuesday, August 23, 2016 - 05:50
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This summer, corn plants suffered through high daytime temperatures and warm nights.Yield estimates have shrunk as a result.

Chicago

INVESTORS betting on a record US corn crop are about to get a closer look at yields - and they may not like what they see.

Hot weather across the US corn belt in June and July came during critical periods of ear development. That's bad news for money managers that have been