NEW YORK — Flooding in the Midwest can be expected to cause near-term price volatility in corn and soybeans, but it will be several weeks before the true impact of the heavy rainfall on crop production can be predicted, one analyst said yesterday in a conference call. According to reports, about 5 million acres of cropland have been flooded in Iowa and neighboring states and will not be able to produce crops. “Nobody can tell you what the full effect of the flooding will be,” said David ...

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