Corn Price Falls As Harvests Come In Strong

[Purveyor]

The price of corn fell to a three-week low Thursday as early harvests came in strong.

December corn fell 8.5 cents to $4.61 a bushel Thursday. Early reports of high crop yields are raising expectations for a large harvest, which would push prices lower as supplies rise.

"Corn's getting some pressure," said Jason Ward, a commodity analyst at Northstar Commodity in Minneapolis. "So far, early yield indications are very good."

Soybeans, which are planted later than corn, are not doing as well, Ward said. Soybeans have been affected by warm weather and were planted late because of wet weather this spring.

MORE...

http://hosted.ap.org/dynamic/stories/U/US_COMMODITIES_REVIEW?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-09-05-17-26-44

[Supersedeas]

1. food for thought

[madrchsod]

2. the yields in corn belt is still unknown.

no one will know until the farmers start harvesting the fields.