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Corn Futures Fall to Three-Year Low on U.S. Crop Outlook

Corn futures fell to a three-year low and soybeans dropped the most this month on signs of supply gains in the U.S., the world’s biggest producer. Wheat rose, capping the fourth straight weekly gain.

Beneficial rain in September boosted corn yields by allowing plants to mature late in the season and helped soy plants fill pods with bigger beans, Macquarie Bank said in a report. Yields are as much as 20 bushels an acre higher than farmers expected for the grain and 10 bushels for the oilseed, MaxYield Cooperative in West Bend, Iowa, said yesterday.