Monday, May 14, 2007

Corn Declines in Chicago as U.S. Sowing Accelerates; Soybeans, Wheat Down

(Bloomberg) -- Corn futures in Chicago fell for a second day after a U.S. government report showed planting of the U.S. crop accelerated last week. Soybean and wheat futures also declined after the report.

About 78 percent of corn plantings were completed in the top 18 producing states as of May 13, compared with 53 percent a week earlier and 83 percent a year earlier, the U.S. Department of Agriculture said yesterday in a weekly report. The five-year average for the date is 78 percent.


Read more at Bloomberg Commodities News

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