Commodities
Corn Hits Lowest Since 2020 on Improving Weather, Crop Conditions
A corn harvest in Leland, Mississippi.
Photographer: Rory Doyle/BloombergThis article is for subscribers only.
Corn futures in Chicago touched lows not seen since 2020 after improving weather boosted US crop conditions.
Benchmark futures lost 2.9% to reach the lowest level since December 2020. US corn crop conditions have improved, boosting the outlook for a bumper harvest even as the USDA reduced the crop size last week from a record to the second biggest.