Drought slashes EU maize crop, adds to global squeeze: analyst

Posted by Reuters: Gus Trompiz and Valerie Parent on August 16th, 2012
Reuters: Hot, dry weather in eastern and southern European Union countries has severely hit prospects for this year's EU maize harvest, adding pressure to a world market already reeling from huge drought damage in the United States, a grain analyst said. French-based Strategie Grains also said that even an improved outlook for the EU's wheat harvest would provide little relief to grain supply as this would be swallowed up by export demand and a shift in livestock feed away from scarce maize. Grain markets......

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