date:Jul 18, 2014
Corn declined in Chicago, trading near a four-year low, on expectations that a bumper U.S. harvest will maintain ample global supplies. Soybeans were little changed.
Corn crops in the U.S., the biggest producer and exporter, are developing in the best shape in 20 years in the countrys main growing areas, U.S. Department of Agriculture data show. The agency forecasts the crop will reach 13.86 billion bushels, the second-highest on record. Crops in the Midwest have enough moisture, and warmer wea