Corn Falls to Five-Week Low as U.S. Planting Accelerates: Soybeans Decline

(Bloomberg) -- Corn fell to a five-week low as the pace of U.S. planting accelerates and exporters sold less grain. Soybeans also declined.

Temperatures 5 degrees Fahrenheit above normal the next four days may dry out wet fields enough to allow wider use of farm equipment needed to finish planting this year's crop, Lexington, Massachusetts-based Meteorlogix LLC said. Export sales of U.S. corn in the week ended May 3 were 46 percent below the average of the previous four weeks, the government said.


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