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.