Rabobank: Drought in US Corn Belt Remains Key Concern for Traders

2:10 AM ET Tue, 3 July 2012

"You get two or three four percent gains in acreage and then the yields can swing around so much especially when you get drought conditions like these which decimate the crop and make the gains in acreage seem somewhat irrelevant," Nicholas Higgins, commodity analyst at Rabobank, told CNBC.