date:Jul 10, 2014
contract dropped to a four-year low of $5.40 a bushel.
Corn prices may continue to grind lower for a couple months, considering the market did not bottom out until September last year when farmers brought in a record harvest, said Tomm Pfitzenmaier, analyst for Summit Commodity Brokerage. Corn this month is entering its critical pollination stage, a period when excessive heat and dryness can clip yields.