Home › Business & Finance › Corn Hits Fresh Four-Month Low as USDA Seen Raising World Supply
Business & Finance

Corn Hits Fresh Four-Month Low as USDA Seen Raising World Supply

Key Points

Corn Hits Fresh Four-Month Low as USDA Seen Raising World Supply Corn prices slipped to the lowest since July 1 ahead of the US Department of Agriculture’s monthly supply and demand outlook that’s expected to show larger global supplies of the yellow grain. Futures fell as much as 0.8% to $4.38 bushel in Chicago before trimming losses as traders cleaned up positions ahead of Tuesday’s USDA report.

Corn Hits Fresh Four-Month Low as USDA Seen Raising World Supply Corn prices slipped to the lowest since July 1 ahead of the US Department of Agriculture’s monthly supply and demand outlook that’s expected to show larger global supplies of the yellow grain. Futures fell as much as 0.8% to $4.38 bushel in Chicago before trimming losses as traders cleaned up positions ahead of Tuesday’s USDA report.
the US Department of Agriculture’s (ORG) Chicago (LOCATION) USDA (ORG)
Originally published by Bloomberg Markets Read original →