Corn Plummets To Bear Territory On Ample Supply
Corn plunged the most in 24 years on Monday, entering a bear market, as bigger-than-expected U.S. stockpiles and increased planting signaled ample supplies. Wheat tumbled to a nine-month low and soybeans dropped. U.S. corn inventories on March 1 totaled 5.399 billion bushels, the Department of Agriculture said last Thursday. While down from a year earlier, that was above the 4.995 billion forecast by analysts surveyed by
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