(Reuters) - A U.S. government report on Monday showed farmers in the United States will plant the largest area with corn this spring since World War Two, which could double the razor-thin stocks of this year and help defray costs to consumers and food companies.
The U.S. Department of Agriculture's baseline projections -- the first of a series of estimates that will help shape prices across the globe -- pegged corn acres at 94 million, the most since 1944 and near trade expectations for 94.2 million.
...The U.S. corn supply has been drawn down even further than expected earlier in the early because of a drought in Argentina, the world's second-largest corn exporter after the United States.
