Corn Futures Rebound on CBOT After USDA Reports Inventory Drop

Corn futures for December delivery jumped 3.2 percent to $7.39 a bushel at 7:36 a.m. on the Chicago Board of Trade, after the U.S. Department of Agriculture reported a 12% drop in domestic inventories as of Sept. 1 from a year earlier. Before the report, the price was down as much as 1.6 percent.

To contact the reporter on this story: Steve Stroth in Chicago at sstroth@bloomberg.net

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net

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