Cargill says U.S. corn production may fall on flooding: report

Reuters News
Posted: Jun 27, 2011 10:03 PM

SINGAPORE (Reuters) - Heavy rains that have caused flooding along the Mississippi and Missouri rivers have damaged about 2.5 million acres of U.S. farmland and may lead to a drop in corn production this year, the chief executive of the world's top commodities trader told the Financial Times.

"Clearly, we have lost acres with the flooding," Greg Page, chief executive of U.S.-based Cargill Inc., told the newspaper during a visit to the Ukraine capital of Kiev. "Certainly our company is fighting the floods on the Missouri River.

Page however cautioned it is still too early to estimate the ultimate size of the corn end crop.

Flooding around the U.S. Midwest and in the northern U.S. Plains as well as hotter-than-usual conditions in the South weighed on the recently seeded corn and soybean crops.

The U.S. government is expected to keep its estimate of the area to be planted with corn this year unchanged in its report on Thursday, after its surprise reduction last month.

(Editing by Ed Lane)