date:May 28, 2014
Corn dropped to the lowest level since March on speculation that farmers accelerated planting because of dry and warm weather in the US, the worlds biggest exporter. Wheat declined to an 11-week low.
Corn for July delivery lost as much as 1.5% to $4.7075 a bushel on the Chicago Board of Trade, the lowest for a most-active contract since March 4, and was at $4.7125 at 2:23 pm. in Singapore. Markets in the US were closed yesterday.
Warmer and drier conditions helped planting over the past week