CBOT corn drops to two-month low after USDA hike
CBOT corn futures plunged by as much as the daily trading limit and settled sharply lower after the USDA raised its US harvest outlook in its monthly report.
Chicago Board of Trade corn futures fell as much as the daily trading limit on Friday and finished sharply lower after the US Department of Agriculture lifted its US harvest outlook in a monthly report, catching most traders off guard as they had expected a cut.