(Bloomberg) -- Chicago corn futures declined after a
government report showed the U.S. crop is in better shape than a
year ago when farmers produced the third-biggest harvest on
record. Wheat and soybean futures also traded lower.
About 78 percent of the crop was in good or excellent
condition as of May 20, up from 66 percent a year ago, the U.S.
Department of Agriculture said yesterday in its first rating of
this year's crop. Corn is the country's biggest crop, valued at a
record $33.8 billion in 2006, government figures show.
Read more at Bloomberg Commodities News
government report showed the U.S. crop is in better shape than a
year ago when farmers produced the third-biggest harvest on
record. Wheat and soybean futures also traded lower.
About 78 percent of the crop was in good or excellent
condition as of May 20, up from 66 percent a year ago, the U.S.
Department of Agriculture said yesterday in its first rating of
this year's crop. Corn is the country's biggest crop, valued at a
record $33.8 billion in 2006, government figures show.
Read more at Bloomberg Commodities News
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