Colosseum a.s. (Colosseum a.s.)
Commodities  |  April 02, 2013 18:24:33

Corn fell the most since July 1988

ColosseumCorn noted in yesterday's trading session on the Stock Exchange Chicago Board of Trade CME Group within the largest price drop last 24 years and entered into a bear trend. The reason is the ongoing response to the report by the U.S. Department of Agriculture (USDA) last week, on the amount of inventory and increased sowing corn in the U.S. signaling in the future more than adequate supply. Apart from higher corn stocks than expected agency analysts and reports on record sowing in the United States, the highest since 1936, affecting maize to poklesand # 160; well as a decrease in demand for expensive corn, the price of such forced some meat processing plants including Cargill Inc. terminate fattening cattle and other companies to stop production of ethanol.Corn futures to the May delivery date fell in yesterday's trading session 7.6% to the closing price of 642.25 cents per bushel. During the day, the price fell to 636.50 cents, the lowest since June 29 last year.

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