Tuesday, May 22, 2007

Corn Falls After Report Says U.S. Planting Accelerated; Soybeans Decline

(Bloomberg) -- Corn in Chicago fell the most in a
week after a government report showed that planting of the U.S.
crop had accelerated after a slow start and that plants were in
better shape than last year. Soybeans also declined.

About 78 percent of the U.S. corn was in good or excellent
condition as of May 20, compared with 66 percent a year ago at
this time, the U.S. Department of Agriculture said yesterday in
its first rating of this year's crop. Some 92 percent of the corn
was planted, and about 67 percent of the plants had emerged from
the soil, both better than five-year averages.


Read more at Bloomberg Commodities News

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