The prospects for the Illinois corn crop are worsening.  The USDA last month projected 116 bushels an acre. A revised estimate Wednesday is 110.  Corn farmer Kent Kleinschmidt in Emden, near Lincoln, says it might actually be less.


Click here for summary


"I’m not sure that the state average is low enough yet, also considering that Southern Illinois is, you know, atrocious,” he said.  But he says if this is a one-year drought, farmers ought to be able to withstand it. He says the price of $7.69 for December corn (today’s closing price at the Chicago Board of Trade) is OK.  Expected corn production in Illinois is 1.39 billion bushels, off 29 percent from last year.

(Copyright WBGZ / )