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Corn Futures Post Worst Rout Since 2013 on U.S. Acreage Surprise

  • Grain falls by exchange limit, down 6% after USDA report
  • Outlook met by trader skepticism over accuracy of data
Bloomberg business news
Why We're Watching Corn and Soybeans This Week
Updated on

Corn plunged by the exchange limit after the U.S. Department of Agriculture said American farmers planted more than analysts estimated.

Futures capped their worst day in six years as the USDA pegged planted acres at 90 million, 2.6% higher than the average analyst estimate. The agency also said U.S. yields and production will be bigger than forecast.