Corn Futures Falls to One-Month Low as Dry Weather May Spur U.S. Planting

(Bloomberg) -- Corn fell to the lowest in a month on expectations that dry weather will farmers to accelerate planting of the biggest U.S. crop and on reduced export sales.

Temperatures 5 degrees Fahrenheit above normal the next four days may firm up wet corn fields for heavy farm machinery, 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.


Read more at Bloomberg Commodities News