Politics
Corn Extends Loss to Hit Four-Month Low on Supply, Peace Hopes
Key Points
Commodities Corn Extends Loss to Hit Four-Month Low on Supply, Peace Hopes Chicago corn extended losses, hitting the lowest in four months, as an outlook for ample US supply and prospects for peace in the Black Sea region weighed on prices. StoneX Group Inc. lifted its forecast for US corn production to 16.203 billion bushels from a previous estimate of 16.115 billion bushels. The advisory also raised projections for the country’s soybean yield and output, according to its latest survey...
Commodities
Corn Extends Loss to Hit Four-Month Low on Supply, Peace Hopes
Chicago corn extended losses, hitting the lowest in four months, as an outlook for ample US supply and prospects for peace in the Black Sea region weighed on prices.
StoneX Group Inc. lifted its forecast for US corn production to 16.203 billion bushels from a previous estimate of 16.115 billion bushels. The advisory also raised projections for the country’s soybean yield and output, according to its latest survey released Tuesday.