$9 corn in next 6 months?

U.S. corn prices could hit $9 a bushel in the next six months as a result of the U.S. drought, which could potentially reduce corn supplies by as much as 2.1 billion bushels this crop year, one trader said this week from the a global grains conference in Geneva, adding the European Union's demand for corn imports could be as much as 12 million metric tons this agricultural crop year.

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$14-$15 soybean range?

With the soybean market taking off nearly $4.00 per bushel in the last 3-months, market-watchers wonder if the bearish outlook will be turned around while farmers scratch their heads about pricing more old and new-crop earlier than they had planned.

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• Trader's thoughts on soybeans
• Also: Removing '12 hedges at $14