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Blistering Pace for U.S. Corn Planting Signals Supply Relief

  • Acreage is widely expected to exceed current USDA forecast
  • That would help to make up for drought losses in Brazil

U.S. corn farmers are planting at the fastest pace since 2015, a move that could finally bring some relief to a market that’s battling tight supplies.

Sowing of America’s most widely grown crop is 46% complete, the U.S. Department of Agriculture said Monday. That marks an increase of 29 percentage points versus last week, the biggest such advance in six years.