Tuesday, June 5, 2007

Corn Falls, Erasing Gains, as Rains Boost Early Development of U.S. Crop

(Bloomberg) -- Corn fell in Chicago, erasing earlier
gains, on speculation the second-highest U.S. crop ratings since
1986 will lead to record production and rising global
inventories.

An estimated 78 percent of the U.S. crop was rated good or
excellent as of June 3, unchanged for the third consecutive
week, the U.S. Department of Agriculture said yesterday. A year
earlier, 71 percent had the highest ratings.


Read more at Bloomberg Commodities News

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