Corn Plunges Most in Six Weeks as U.S. Export Demand Weakens
This article is for subscribers only.
Corn futures fell the most in six weeks after a government report showed that demand is easing for supplies from the U.S., the world’s biggest exporter.
U.S. exporters sold 348,969 metric tons of corn in the week ended April 21, down 43 percent from a week earlier and the smallest in six months, the Department of Agriculture said today. Prices have doubled in the past year after adverse weather limited the size of last year’s U.S. crop and demand rose for animal feed and fuel.