Monday, July 2, 2007

Corn Falls as Biggest U.S. Plantings Since World War II to Boost Supplies

(Bloomberg) -- Corn in Chicago fell for the seventh
time in eight sessions after a report showed U.S. farmers, the
biggest producers, planted the most acres since 1944.

Farmers planted 92.888 million acres this year, 19 percent
more than last year, the Department of Agriculture said June 29.
The highest prices in a decade made corn as much as $200 an acre
more profitable than other crops. Prices have dropped 23 percent
since February as plantings rose.


Read more at Bloomberg Commodities News

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