[31 May/Bloomberg]

Acres of land could be left unplanted in the U.S due to relentless rain that has swept the Midwest. Rabobank is predicting an unprecedented number of unplanted acres of corn, the most widely grown American crop. A Bloomberg survey of 10 traders and analysts indicates growers could file insurance claims for about 6 million corn acres they haven’t been able to sow, almost double the record in 2013. Field conditions have deteriorated over the past few weeks. Insurance claims are considered a last-ditch effort for farmers, who can receive about half of the value of their crop. Areas with the biggest risk of acreage loss were in Central Illinois, Indiana and Ohio.