CHICAGO, Aug. 15 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures recovered in the week as storm damaged certain acreage of crops in U.S. Midwest. But as rallies will hinge heavily on trade and demand, Chicago-based consulting company AgResource predict that longer-term bearish trends will continue into mid-October.
CBOT corn recovered from contract lows on new supply uncertainty. The U.S. Department of Agriculture's (USDA) report leaned bearish as the National Agricultural Statistics Service (NASS) pegged yield at record 181.7 bushels per acre (BPA), with stocks being 2.8 billion bushels.
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