Corn Falls to Four-Year Low as U.S. Begins Record Harvest
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Corn futures fell to a four-year low as farmers begin harvesting a record crop in the U.S., the world’s largest grower. Soybeans and wheat also dropped.
About 7 percent of the corn crop was collected as of Sept. 21, up from 4 percent a week earlier, government data show. While progress trails the 15 percent average for this time of year, warm Midwest weather over the next seven days will favor maturing plants, DTN agriculture meteorologist Joel Burgio wrote today in a report.